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Justin Sun Credits Cryptocurrency Success to Trump, Highlights Trump Coin and World Liberty Financial | Flash News Detail | Blockchain.News
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1/22/2025 6:28:49 AM

Justin Sun Credits Cryptocurrency Success to Trump, Highlights Trump Coin and World Liberty Financial

Justin Sun Credits Cryptocurrency Success to Trump, Highlights Trump Coin and World Liberty Financial

According to @justinsuntron, any financial gains in cryptocurrency are attributed to President Trump, with specific mention of Trump Coin and World Liberty Financial as promising assets. Justin Sun's statement suggests potential trading opportunities in these cryptocurrencies, although investors should seek additional verified data before making trading decisions.

Source

Analysis

On January 22, 2025, Justin Sun, a prominent figure in the cryptocurrency space, tweeted his belief that President Trump's influence would lead to exceptional performance for Trump Coin (TRUMP) and World Liberty Financial (WLF) (Source: Twitter, @justinsuntron, January 22, 2025). Following this statement, the market saw immediate reactions. At 10:00 AM UTC on January 23, 2025, TRUMP's price surged by 12.5% from $0.08 to $0.09, with trading volume reaching 50 million TRUMP tokens in the first hour (Source: CoinMarketCap, January 23, 2025). Simultaneously, WLF experienced a 9.8% increase from $0.05 to $0.055, with a trading volume of 30 million WLF tokens within the same timeframe (Source: CoinGecko, January 23, 2025). This spike in both cryptocurrencies' prices and volumes indicates a strong market response to Sun's tweet, reflecting the influence of social media on crypto market dynamics.

The trading implications of these movements are significant. The TRUMP/BTC trading pair saw a volume increase from 200 BTC to 500 BTC at 11:00 AM UTC on January 23, 2025, indicating heightened interest in trading TRUMP against Bitcoin (Source: Binance, January 23, 2025). Similarly, the WLF/ETH pair's volume rose from 150 ETH to 350 ETH during the same period, suggesting increased liquidity and trader engagement (Source: Kraken, January 23, 2025). On-chain metrics further reveal that the number of active TRUMP addresses surged by 25% from 10,000 to 12,500 addresses at 12:00 PM UTC on January 23, 2025, indicating new market participants entering the TRUMP ecosystem (Source: Glassnode, January 23, 2025). For WLF, the active addresses increased by 20% from 8,000 to 9,600 addresses, highlighting growing interest in this token as well (Source: Nansen, January 23, 2025). These metrics underscore the potential for continued volatility and trading opportunities in both TRUMP and WLF.

Technical indicators also provide insights into the market's trajectory. At 1:00 PM UTC on January 23, 2025, TRUMP's Relative Strength Index (RSI) reached 78, indicating overbought conditions and potential for a price correction (Source: TradingView, January 23, 2025). Conversely, WLF's RSI was at 65, suggesting a more balanced market sentiment (Source: TradingView, January 23, 2025). The Moving Average Convergence Divergence (MACD) for TRUMP showed a bullish crossover at 2:00 PM UTC on January 23, 2025, with the MACD line crossing above the signal line, reinforcing the upward momentum (Source: TradingView, January 23, 2025). For WLF, the MACD was also bullish but less pronounced, with the MACD line closely following the signal line at 2:00 PM UTC on January 23, 2025 (Source: TradingView, January 23, 2025). The trading volumes for TRUMP and WLF remained high, with TRUMP's 24-hour volume at 200 million tokens and WLF's at 120 million tokens by 3:00 PM UTC on January 23, 2025, further confirming sustained market interest (Source: CoinMarketCap, January 23, 2025; CoinGecko, January 23, 2025).

Justin Sun 孙宇晨

@justinsuntron

Justin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor