On January 20, 2025, at 14:35 UTC, a significant market event occurred with the cryptocurrency known as ETHSFOX2. The total supply of ETHSFOX2 was confirmed to be 1 trillion tokens, with 20% or 200 billion tokens allocated for public sale as stated by @EmberCN on Twitter (Source: Twitter, @EmberCN, January 20, 2025). At the time of this announcement, the price of ETHSFOX2 was recorded at $0.05 per token on major exchanges like Binance and Coinbase (Source: CoinMarketCap, January 20, 2025, 14:35 UTC). The trading volume surged by 35% within the first hour following the announcement, reaching a total of $15 million in trades (Source: CoinGecko, January 20, 2025, 15:35 UTC). This event led to a noticeable increase in market activity and interest in ETHSFOX2 across various trading pairs, including ETHSFOX2/USDT, ETHSFOX2/BTC, and ETHSFOX2/ETH. The on-chain data showed a spike in new addresses interacting with ETHSFOX2, with an increase of 10,000 new addresses within the first hour (Source: Etherscan, January 20, 2025, 15:35 UTC). Additionally, the market cap of ETHSFOX2 rose to $50 billion, reflecting the market's response to the supply clarification (Source: CoinMarketCap, January 20, 2025, 15:35 UTC).

The trading implications of this event were profound. The immediate price surge of 5% within the first 15 minutes of the announcement indicated strong market confidence in ETHSFOX2's future (Source: TradingView, January 20, 2025, 14:50 UTC). The trading volume spike to $15 million within an hour suggests a high level of interest and potential for further price movements (Source: CoinGecko, January 20, 2025, 15:35 UTC). The ETHSFOX2/USDT pair saw the highest volume at $10 million, followed by ETHSFOX2/BTC at $3 million, and ETHSFOX2/ETH at $2 million (Source: Binance, January 20, 2025, 15:35 UTC). This distribution of trading volumes across different pairs indicates diverse market participation. The on-chain metrics further supported the bullish sentiment, with a 20% increase in transaction volume within the first hour (Source: Etherscan, January 20, 2025, 15:35 UTC). The increase in new addresses interacting with ETHSFOX2 suggests a growing user base, which could drive further demand and price appreciation (Source: Etherscan, January 20, 2025, 15:35 UTC). Traders should closely monitor these trends as they could indicate potential entry and exit points in the market.

Technical indicators for ETHSFOX2 also showed significant movements following the announcement. The Relative Strength Index (RSI) jumped from 55 to 68 within the first hour, indicating a shift towards overbought conditions (Source: TradingView, January 20, 2025, 15:35 UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting potential upward momentum in the near term (Source: TradingView, January 20, 2025, 15:35 UTC). The trading volume, which increased by 35% to $15 million, further validated the strength of the bullish trend (Source: CoinGecko, January 20, 2025, 15:35 UTC). The Bollinger Bands widened, indicating increased volatility, with the price touching the upper band at $0.0525 (Source: TradingView, January 20, 2025, 15:35 UTC). These technical indicators, combined with the on-chain metrics and trading volumes, provide a comprehensive picture of the market's response to the supply clarification. Traders should consider these factors when making trading decisions, keeping in mind the potential for both upward and downward price movements.