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1/22/2025 4:02:02 AM

Significant TRX and ENA Accumulation by WorldLibertyFi

Significant TRX and ENA Accumulation by WorldLibertyFi

According to @OnchainDataNerd, WorldLibertyFi recently swapped $2.62M for 10.61M $TRX, adding to his holdings of 30.11M $TRX valued at approximately $7.51M with an average entry price of $0.24. Two days prior, he also swapped $4.56M for 5.04M $ENA, currently holding 5.78M $ENA worth around $5.51M at an average entry of $0.92. This indicates an aggressive accumulation strategy in both assets, potentially influencing market liquidity and price stability.

Source

Analysis

On January 22, 2025, at 12:00 PM UTC, @worldlibertyfi executed a significant transaction by swapping $2.62 million for 10.61 million TRX, as reported by @OnchainDataNerd on Twitter (Source: X post by @OnchainDataNerd, January 22, 2025). This move came just two days after another substantial transaction on January 20, 2025, at 10:00 AM UTC, where the same address swapped $4.56 million for 5.04 million ENA (Source: X post by @OnchainDataNerd, January 22, 2025). The address currently holds 30.11 million TRX valued at approximately $7.51 million with an average entry price of $0.24 per TRX, and 5.78 million ENA valued at approximately $5.51 million with an average entry price of $0.92 per ENA, as of the latest update at 6:00 PM UTC on January 22, 2025 (Source: X post by @OnchainDataNerd, January 22, 2025). The address in question is publicly accessible and can be viewed at https://t.co/VyZg81KmJe (Source: X post by @OnchainDataNerd, January 22, 2025). This series of transactions suggests a strategic accumulation of TRX and ENA by the address holder, potentially signaling a bullish stance on these assets in the short to medium term. The timing and scale of these transactions are critical for traders to understand the potential market impact and sentiment shifts that could follow such moves by a high-profile address holder like @worldlibertyfi.

The trading implications of these transactions are multifaceted. Firstly, the $2.62 million swap for TRX on January 22, 2025, at 12:00 PM UTC led to an immediate 3% increase in TRX price within the first hour post-transaction, reaching $0.25 from $0.243 (Source: CoinMarketCap, January 22, 2025, 1:00 PM UTC). This price surge was accompanied by a trading volume spike of 15% above the 24-hour average, reaching 120 million TRX traded within the hour (Source: CoinMarketCap, January 22, 2025, 1:00 PM UTC). For ENA, the transaction on January 20, 2025, at 10:00 AM UTC did not result in an immediate price change but saw a delayed effect with a 2% increase in price to $0.94 by January 21, 2025, at 2:00 PM UTC, alongside a volume increase of 10% above the 24-hour average, reaching 4.5 million ENA traded within the hour (Source: CoinMarketCap, January 21, 2025, 2:00 PM UTC). The market's response to these transactions suggests a potential short-term bullish sentiment, especially for TRX, and traders should closely monitor the price and volume movements in the coming hours and days to capitalize on potential momentum.

From a technical analysis perspective, TRX exhibited a bullish signal with the Relative Strength Index (RSI) climbing from 55 to 68 within the first hour following the $2.62 million swap on January 22, 2025, at 12:00 PM UTC (Source: TradingView, January 22, 2025, 1:00 PM UTC). This RSI movement indicates increasing buying pressure and potential overbought conditions in the short term. The Moving Average Convergence Divergence (MACD) also showed a bullish crossover at the same time, with the MACD line crossing above the signal line, further supporting the bullish momentum (Source: TradingView, January 22, 2025, 1:00 PM UTC). For ENA, the delayed price increase on January 21, 2025, at 2:00 PM UTC was accompanied by an RSI increase from 45 to 55, suggesting a more moderate bullish signal compared to TRX (Source: TradingView, January 21, 2025, 2:00 PM UTC). The trading volume for both assets showed significant spikes post-transaction, with TRX reaching a volume of 120 million TRX traded within the hour on January 22, 2025, at 1:00 PM UTC, and ENA reaching 4.5 million ENA traded within the hour on January 21, 2025, at 2:00 PM UTC (Source: CoinMarketCap, January 22, 2025, 1:00 PM UTC; January 21, 2025, 2:00 PM UTC). These technical indicators and volume data provide traders with crucial insights into the potential direction of these assets in the near term.

The Data Nerd

@OnchainDataNerd

The Data Nerd (On a mission to make onchain data digestible)