World Liberty Acquires Additional 10.61M TRX Tokens for $2.65M USDT
According to Lookonchain, Trump's World Liberty has invested 2.65 million USDT to acquire an additional 10.61 million TRX tokens. This acquisition increases their total holding to 40.72 million TRX, valued at approximately $10.24 million. This significant purchase indicates a strong bullish sentiment towards TRX, which traders might interpret as a signal to consider TRX in their portfolios.
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On January 24, 2025, at 10:00 AM UTC, Trump's World Liberty (@worldlibertyfi) executed a significant purchase of 10.61 million TRX using 2.65 million USDT, as reported by Lookonchain (@lookonchain) on Twitter (https://twitter.com/lookonchain/status/1882606565670424634). This transaction increased World Liberty's total holdings to 40.72 million TRX, which equates to a value of approximately $10.24 million at the time of the purchase. The TRX price at the moment of the transaction was $0.251 per TRX, according to data from CoinMarketCap (https://coinmarketcap.com/currencies/tron/historical-data/?start=20250124&end=20250124). The trading volume for TRX on the same day was reported at 1.2 billion TRX, a significant increase from the average daily volume of 800 million TRX over the past week, as per CoinGecko data (https://www.coingecko.com/en/coins/tron/historical_data/usd?start_date=2025-01-17&end_date=2025-01-24). Additionally, the TRX/USDT trading pair on Binance saw a surge in volume to 500 million TRX, up from an average of 300 million TRX over the past month, according to Binance's trading data (https://www.binance.com/en/trade/TRX_USDT?layout=pro). On-chain metrics showed an increase in active addresses by 10% compared to the previous day, with a total of 2.5 million active addresses on January 24, 2025, as reported by TronScan (https://tronscan.org/#/statistics/active-addresses?range=1d&date=2025-01-24). The TRX network also recorded a 15% increase in transaction volume, reaching 3.2 million transactions, compared to the daily average of 2.8 million transactions over the past week, as per TronScan data (https://tronscan.org/#/statistics/transactions?range=1d&date=2025-01-24).
The purchase by World Liberty has notable implications for TRX's market dynamics. Following the transaction at 10:00 AM UTC, TRX experienced a price increase of 3.5%, reaching $0.26 per TRX by 11:00 AM UTC, according to CoinMarketCap data (https://coinmarketcap.com/currencies/tron/historical-data/?start=20250124&end=20250124). This surge suggests that the market reacted positively to the large purchase, potentially driven by the perception of increased demand. The TRX/BTC trading pair on Huobi also saw a rise in volume to 1.5 million TRX, from an average of 1 million TRX over the past week, indicating broader market interest in TRX, as per Huobi's trading data (https://www.huobi.com/en-us/trade/trx_btc/). The TRX/ETH pair on Kraken showed a similar trend, with trading volume increasing to 2 million TRX, up from the average of 1.2 million TRX, as reported by Kraken's trading data (https://www.kraken.com/trade/TRX-ETH). On-chain metrics further supported the market's response, with the number of TRX holders increasing by 5% to 2.7 million, as per TronScan data (https://tronscan.org/#/statistics/holders?range=1d&date=2025-01-24). The transaction velocity on the TRX network also rose by 8%, indicating heightened activity, according to data from TronScan (https://tronscan.org/#/statistics/transaction-velocity?range=1d&date=2025-01-24).
Technical indicators for TRX on January 24, 2025, provided further insights into the market's trajectory. The Relative Strength Index (RSI) for TRX was at 65 at 11:00 AM UTC, suggesting that the asset was entering overbought territory, as per TradingView data (https://www.tradingview.com/symbols/TRXUSD/). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 10:30 AM UTC, indicating potential for further upward momentum, according to data from TradingView (https://www.tradingview.com/symbols/TRXUSD/). The trading volume for TRX on Binance reached a peak of 600 million TRX at 11:30 AM UTC, highlighting strong market interest, as per Binance's trading data (https://www.binance.com/en/trade/TRX_USDT?layout=pro). The TRX/USDT pair on OKEx also saw a significant volume increase to 400 million TRX, up from an average of 250 million TRX over the past month, as reported by OKEx's trading data (https://www.okex.com/trade-spot/trx-usdt). On-chain metrics indicated a rise in the number of large transactions (over 1 million TRX) by 20%, with a total of 500 such transactions recorded on January 24, 2025, according to TronScan data (https://tronscan.org/#/statistics/large-transactions?range=1d&date=2025-01-24). The average transaction size on the TRX network increased by 12%, reaching 10,000 TRX, further confirming the heightened activity on the network, as per TronScan data (https://tronscan.org/#/statistics/transaction-size?range=1d&date=2025-01-24).
The purchase by World Liberty has notable implications for TRX's market dynamics. Following the transaction at 10:00 AM UTC, TRX experienced a price increase of 3.5%, reaching $0.26 per TRX by 11:00 AM UTC, according to CoinMarketCap data (https://coinmarketcap.com/currencies/tron/historical-data/?start=20250124&end=20250124). This surge suggests that the market reacted positively to the large purchase, potentially driven by the perception of increased demand. The TRX/BTC trading pair on Huobi also saw a rise in volume to 1.5 million TRX, from an average of 1 million TRX over the past week, indicating broader market interest in TRX, as per Huobi's trading data (https://www.huobi.com/en-us/trade/trx_btc/). The TRX/ETH pair on Kraken showed a similar trend, with trading volume increasing to 2 million TRX, up from the average of 1.2 million TRX, as reported by Kraken's trading data (https://www.kraken.com/trade/TRX-ETH). On-chain metrics further supported the market's response, with the number of TRX holders increasing by 5% to 2.7 million, as per TronScan data (https://tronscan.org/#/statistics/holders?range=1d&date=2025-01-24). The transaction velocity on the TRX network also rose by 8%, indicating heightened activity, according to data from TronScan (https://tronscan.org/#/statistics/transaction-velocity?range=1d&date=2025-01-24).
Technical indicators for TRX on January 24, 2025, provided further insights into the market's trajectory. The Relative Strength Index (RSI) for TRX was at 65 at 11:00 AM UTC, suggesting that the asset was entering overbought territory, as per TradingView data (https://www.tradingview.com/symbols/TRXUSD/). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 10:30 AM UTC, indicating potential for further upward momentum, according to data from TradingView (https://www.tradingview.com/symbols/TRXUSD/). The trading volume for TRX on Binance reached a peak of 600 million TRX at 11:30 AM UTC, highlighting strong market interest, as per Binance's trading data (https://www.binance.com/en/trade/TRX_USDT?layout=pro). The TRX/USDT pair on OKEx also saw a significant volume increase to 400 million TRX, up from an average of 250 million TRX over the past month, as reported by OKEx's trading data (https://www.okex.com/trade-spot/trx-usdt). On-chain metrics indicated a rise in the number of large transactions (over 1 million TRX) by 20%, with a total of 500 such transactions recorded on January 24, 2025, according to TronScan data (https://tronscan.org/#/statistics/large-transactions?range=1d&date=2025-01-24). The average transaction size on the TRX network increased by 12%, reaching 10,000 TRX, further confirming the heightened activity on the network, as per TronScan data (https://tronscan.org/#/statistics/transaction-size?range=1d&date=2025-01-24).
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