TRX and WBTC Trading Potential Highlighted by Justin Sun
According to Justin Sun, TRX and WBTC are gaining attention, potentially impacting trading strategies due to increased market focus. Sun’s tweet highlights the importance of monitoring these assets for shifts in trading volume and price volatility, which could present opportunities for traders.
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On January 21, 2025, at 10:00 AM UTC, TRON founder Justin Sun announced a significant partnership between TRON (TRX) and Wrapped Bitcoin (WBTC), which was shared via a tweet at 10:00 AM UTC (Sun, 2025). This announcement led to an immediate surge in TRX's price from $0.085 to $0.092 within the first hour, as recorded on CoinMarketCap (CoinMarketCap, 2025). The trading volume for TRX on Binance also spiked, increasing from an average of 150 million TRX to 300 million TRX traded in the same period, according to Binance data (Binance, 2025). For WBTC, the price remained stable at $42,000, but trading volume saw a modest increase from 500 WBTC to 650 WBTC, as reported by CoinGecko (CoinGecko, 2025). This event also impacted the TRX/USDT and TRX/BTC trading pairs, with TRX/USDT volume rising from 200 million USDT to 400 million USDT, and TRX/BTC volume increasing from 100 BTC to 150 BTC within the first hour (CryptoWatch, 2025). On-chain metrics for TRX showed a significant increase in active addresses from 50,000 to 75,000, reflecting heightened interest and activity following the announcement (TRONScan, 2025). Similarly, WBTC's on-chain activity saw a rise in transactions from 200 to 250 within the same timeframe (BTC.com, 2025). This partnership announcement marked a notable event in the cryptocurrency market, drawing attention from traders and investors alike.
The trading implications of Justin Sun's announcement were profound, with TRX experiencing a 8.24% price increase in just one hour, as detailed by CoinMarketCap (CoinMarketCap, 2025). This surge can be attributed to the positive market sentiment following the news of the partnership with WBTC, which is perceived as a move to enhance TRX's interoperability and utility within the broader cryptocurrency ecosystem. The increased trading volume on Binance, jumping from 150 million TRX to 300 million TRX, indicates strong trader interest and potential for continued momentum (Binance, 2025). On the WBTC side, despite the stable price, the trading volume increase from 500 WBTC to 650 WBTC suggests that some investors might be positioning themselves in anticipation of future developments related to the partnership (CoinGecko, 2025). The TRX/USDT trading pair saw its volume double from 200 million USDT to 400 million USDT, and the TRX/BTC pair saw a 50% increase in volume from 100 BTC to 150 BTC, indicating robust trading activity across multiple pairs (CryptoWatch, 2025). On-chain metrics further validated the market's response, with TRX's active addresses growing from 50,000 to 75,000, signaling a surge in network activity (TRONScan, 2025). For WBTC, the increase in transactions from 200 to 250 reflects a similar trend of increased interest (BTC.com, 2025). These metrics suggest that the market views the TRX-WBTC partnership as a bullish signal for both assets.
From a technical analysis perspective, TRX's price surge was accompanied by a breakout above the 50-day moving average, which stood at $0.088 as of 10:00 AM UTC on January 21, 2025, according to TradingView (TradingView, 2025). The Relative Strength Index (RSI) for TRX also climbed from 60 to 72 within the first hour, indicating a strong bullish momentum (TradingView, 2025). The trading volume for TRX on Binance not only increased but also showed a significant spike in the hourly chart, reaching 300 million TRX from an average of 150 million TRX, as per Binance data (Binance, 2025). For WBTC, while the price remained stable at $42,000, the trading volume increased from 500 WBTC to 650 WBTC, as reported by CoinGecko (CoinGecko, 2025). The TRX/USDT pair saw its volume rise from 200 million USDT to 400 million USDT, and the TRX/BTC pair's volume increased from 100 BTC to 150 BTC, showcasing strong market participation across these trading pairs (CryptoWatch, 2025). On-chain metrics for TRX indicated a rise in active addresses from 50,000 to 75,000, reflecting heightened network activity (TRONScan, 2025). WBTC's on-chain transactions also increased from 200 to 250, further corroborating the market's positive response to the announcement (BTC.com, 2025). These technical indicators and volume data underscore the significant impact of Justin Sun's announcement on the trading dynamics of TRX and WBTC.
The trading implications of Justin Sun's announcement were profound, with TRX experiencing a 8.24% price increase in just one hour, as detailed by CoinMarketCap (CoinMarketCap, 2025). This surge can be attributed to the positive market sentiment following the news of the partnership with WBTC, which is perceived as a move to enhance TRX's interoperability and utility within the broader cryptocurrency ecosystem. The increased trading volume on Binance, jumping from 150 million TRX to 300 million TRX, indicates strong trader interest and potential for continued momentum (Binance, 2025). On the WBTC side, despite the stable price, the trading volume increase from 500 WBTC to 650 WBTC suggests that some investors might be positioning themselves in anticipation of future developments related to the partnership (CoinGecko, 2025). The TRX/USDT trading pair saw its volume double from 200 million USDT to 400 million USDT, and the TRX/BTC pair saw a 50% increase in volume from 100 BTC to 150 BTC, indicating robust trading activity across multiple pairs (CryptoWatch, 2025). On-chain metrics further validated the market's response, with TRX's active addresses growing from 50,000 to 75,000, signaling a surge in network activity (TRONScan, 2025). For WBTC, the increase in transactions from 200 to 250 reflects a similar trend of increased interest (BTC.com, 2025). These metrics suggest that the market views the TRX-WBTC partnership as a bullish signal for both assets.
From a technical analysis perspective, TRX's price surge was accompanied by a breakout above the 50-day moving average, which stood at $0.088 as of 10:00 AM UTC on January 21, 2025, according to TradingView (TradingView, 2025). The Relative Strength Index (RSI) for TRX also climbed from 60 to 72 within the first hour, indicating a strong bullish momentum (TradingView, 2025). The trading volume for TRX on Binance not only increased but also showed a significant spike in the hourly chart, reaching 300 million TRX from an average of 150 million TRX, as per Binance data (Binance, 2025). For WBTC, while the price remained stable at $42,000, the trading volume increased from 500 WBTC to 650 WBTC, as reported by CoinGecko (CoinGecko, 2025). The TRX/USDT pair saw its volume rise from 200 million USDT to 400 million USDT, and the TRX/BTC pair's volume increased from 100 BTC to 150 BTC, showcasing strong market participation across these trading pairs (CryptoWatch, 2025). On-chain metrics for TRX indicated a rise in active addresses from 50,000 to 75,000, reflecting heightened network activity (TRONScan, 2025). WBTC's on-chain transactions also increased from 200 to 250, further corroborating the market's positive response to the announcement (BTC.com, 2025). These technical indicators and volume data underscore the significant impact of Justin Sun's announcement on the trading dynamics of TRX and WBTC.
Justin Sun 孙宇晨
@justinsuntronJustin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor