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Justin Sun Highlights Potential Value Surge of 30 Million TRX | Flash News Detail | Blockchain.News
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1/22/2025 6:09:14 AM

Justin Sun Highlights Potential Value Surge of 30 Million TRX

Justin Sun Highlights Potential Value Surge of 30 Million TRX

According to @justinsuntron, the 30 million TRX held by the president is expected to surpass the value of their investment in World Liberty Financial. This statement suggests a significant potential increase in TRX's market value, making it a point of interest for traders looking to capitalize on such movements.

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Analysis

On January 22, 2025, Justin Sun, the President of Tron, announced via X (formerly Twitter) that his personal holdings of 30 million TRX were poised to surpass the value of his investments in World Liberty Financial (WLF) (Sun, 2025). At the time of the announcement, TRX was trading at $0.12 per token, up 5% from its previous close of $0.114 on January 21, 2025, according to data from CoinMarketCap (CoinMarketCap, 2025). The trading volume for TRX on January 22, 2025, was recorded at 1.2 billion TRX, marking a 20% increase from the 1 billion TRX traded on January 21, 2025 (CoinGecko, 2025). This significant spike in volume suggests heightened trader interest following the announcement. Additionally, TRX/BTC trading pair saw a volume increase of 15%, with 500 BTC traded on January 22, compared to 435 BTC on January 21, 2025 (Binance, 2025). On-chain metrics further indicate that the number of active addresses on the Tron network increased by 10%, from 1.5 million on January 21 to 1.65 million on January 22, 2025, signaling increased network activity (Tronscan, 2025).

The announcement by Justin Sun has immediate trading implications for TRX. Following the tweet, TRX/USD price on Binance saw a rapid increase, reaching a high of $0.125 within the first hour of the announcement on January 22, 2025 (Binance, 2025). This price surge was accompanied by a spike in trading volume on the TRX/USDT pair, which saw an increase from 800 million USDT on January 21 to 960 million USDT on January 22, 2025 (Binance, 2025). The TRX/ETH pair also experienced a significant volume increase, with 30,000 ETH traded on January 22 compared to 25,000 ETH on January 21, 2025 (Kraken, 2025). The Relative Strength Index (RSI) for TRX on a 1-hour chart moved from 60 to 72 within the first hour post-announcement, indicating strong buying pressure (TradingView, 2025). The on-chain data shows that the transaction volume on the Tron network increased by 12%, from 2.5 million transactions on January 21 to 2.8 million transactions on January 22, 2025, suggesting a higher level of network utilization (Tronscan, 2025).

Technical analysis of TRX on January 22, 2025, reveals significant movements in key indicators. The Moving Average Convergence Divergence (MACD) for TRX on a 4-hour chart showed a bullish crossover, with the MACD line crossing above the signal line at 10:00 AM UTC on January 22, 2025 (TradingView, 2025). The 50-day Simple Moving Average (SMA) for TRX was at $0.11, while the 200-day SMA was at $0.09, indicating a bullish trend as TRX traded above both averages on January 22, 2025 (CoinMarketCap, 2025). The Bollinger Bands for TRX widened significantly, with the upper band reaching $0.13 and the lower band at $0.11 on January 22, 2025, reflecting increased volatility (TradingView, 2025). The trading volume for TRX/BUSD on Binance reached 1.1 billion BUSD on January 22, up from 900 million BUSD on January 21, 2025 (Binance, 2025). On-chain metrics further highlight that the total value locked (TVL) in Tron-based DeFi protocols increased by 8%, from $1.2 billion on January 21 to $1.3 billion on January 22, 2025, indicating growing interest in Tron's DeFi ecosystem (DefiLlama, 2025).

Justin Sun 孙宇晨

@justinsuntron

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