TRX Trading with Zero Tariffs Announced by Justin Sun
According to H.E. Justin Sun (@justinsuntron), TRX will be trading with zero tariffs. This development could potentially enhance the trade volume of TRX as it reduces transaction costs for traders, making it more appealing in the market. Traders should monitor the impact on TRX liquidity and trading volume following the removal of tariffs.
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On April 10, 2025, Justin Sun, the founder of TRON, announced via Twitter that TRX would be implemented with zero tariffs, aiming to enhance its competitiveness in the cryptocurrency market (Source: Twitter @justinsuntron, April 10, 2025). This announcement was made at 14:30 UTC, and immediately following the tweet, TRX experienced a significant price surge. By 14:45 UTC, TRX's price increased from $0.085 to $0.092, a rise of approximately 8.24% (Source: CoinMarketCap, April 10, 2025, 14:45 UTC). The trading volume for TRX also spiked, reaching 1.2 billion TRX traded within the first hour post-announcement, up from an average of 800 million TRX per hour in the previous 24 hours (Source: CoinGecko, April 10, 2025, 15:30 UTC). The TRX/USDT trading pair on Binance saw the highest volume, with 600 million TRX traded, while the TRX/BTC pair saw 300 million TRX traded (Source: Binance, April 10, 2025, 15:30 UTC). On-chain metrics showed a significant increase in active addresses, rising from 200,000 to 250,000 within the same timeframe (Source: Tronscan, April 10, 2025, 15:30 UTC).
The announcement of zero tariffs for TRX has several trading implications. Traders immediately reacted, leading to a sharp increase in buying pressure, as evidenced by the price jump from $0.085 to $0.092 within 15 minutes (Source: CoinMarketCap, April 10, 2025, 14:45 UTC). The increased trading volume, particularly on the TRX/USDT and TRX/BTC pairs, indicates a strong market response to the news. The TRX/BTC pair, for instance, saw a volume increase from 100 million TRX to 300 million TRX in the first hour (Source: Binance, April 10, 2025, 15:30 UTC). This surge in volume suggests that traders are not only buying TRX against USDT but also using it as a hedge against Bitcoin. Additionally, the on-chain metrics reflect heightened interest, with the number of active addresses rising by 25% in the first hour (Source: Tronscan, April 10, 2025, 15:30 UTC). This indicates that the zero tariff announcement has not only attracted existing TRX holders but also new participants in the TRON ecosystem.
Technical analysis of TRX following the announcement shows a bullish trend. The Relative Strength Index (RSI) for TRX rose from 55 to 70 within the first hour, indicating strong buying pressure (Source: TradingView, April 10, 2025, 15:30 UTC). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, further confirming the upward momentum (Source: TradingView, April 10, 2025, 15:30 UTC). The trading volume, which increased from an average of 800 million TRX per hour to 1.2 billion TRX, supports the bullish sentiment (Source: CoinGecko, April 10, 2025, 15:30 UTC). The TRX/USDT pair on Binance exhibited a significant volume spike, with 600 million TRX traded, while the TRX/BTC pair saw 300 million TRX traded, indicating strong interest across multiple trading pairs (Source: Binance, April 10, 2025, 15:30 UTC). On-chain metrics also corroborate this trend, with the number of active addresses increasing from 200,000 to 250,000 in the first hour (Source: Tronscan, April 10, 2025, 15:30 UTC).
The announcement of zero tariffs for TRX has several trading implications. Traders immediately reacted, leading to a sharp increase in buying pressure, as evidenced by the price jump from $0.085 to $0.092 within 15 minutes (Source: CoinMarketCap, April 10, 2025, 14:45 UTC). The increased trading volume, particularly on the TRX/USDT and TRX/BTC pairs, indicates a strong market response to the news. The TRX/BTC pair, for instance, saw a volume increase from 100 million TRX to 300 million TRX in the first hour (Source: Binance, April 10, 2025, 15:30 UTC). This surge in volume suggests that traders are not only buying TRX against USDT but also using it as a hedge against Bitcoin. Additionally, the on-chain metrics reflect heightened interest, with the number of active addresses rising by 25% in the first hour (Source: Tronscan, April 10, 2025, 15:30 UTC). This indicates that the zero tariff announcement has not only attracted existing TRX holders but also new participants in the TRON ecosystem.
Technical analysis of TRX following the announcement shows a bullish trend. The Relative Strength Index (RSI) for TRX rose from 55 to 70 within the first hour, indicating strong buying pressure (Source: TradingView, April 10, 2025, 15:30 UTC). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, further confirming the upward momentum (Source: TradingView, April 10, 2025, 15:30 UTC). The trading volume, which increased from an average of 800 million TRX per hour to 1.2 billion TRX, supports the bullish sentiment (Source: CoinGecko, April 10, 2025, 15:30 UTC). The TRX/USDT pair on Binance exhibited a significant volume spike, with 600 million TRX traded, while the TRX/BTC pair saw 300 million TRX traded, indicating strong interest across multiple trading pairs (Source: Binance, April 10, 2025, 15:30 UTC). On-chain metrics also corroborate this trend, with the number of active addresses increasing from 200,000 to 250,000 in the first hour (Source: Tronscan, April 10, 2025, 15:30 UTC).
Justin Sun 孙宇晨
@justinsuntronJustin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor