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Justin Sun Inquires About NFT Inclusion in Special Edition | Flash News Detail | Blockchain.News
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1/24/2025 8:26:01 PM

Justin Sun Inquires About NFT Inclusion in Special Edition

Justin Sun Inquires About NFT Inclusion in Special Edition

According to Justin Sun's tweet, he inquired whether a special edition includes NFTs, highlighting potential interest or integration of NFTs in upcoming projects.

Source

Analysis

On January 24, 2025, Justin Sun, the founder of TRON, engaged with Vitalik Buterin, the co-founder of Ethereum, on X (formerly Twitter) regarding a special edition potentially including an NFT (Non-Fungible Token). This interaction was documented at 10:45 AM UTC (Sun, 2025). The mention of an NFT by a prominent figure like Sun can significantly influence market dynamics, particularly in the realms of TRON (TRX) and Ethereum (ETH) due to their direct association with the individuals involved. Following this tweet, TRX experienced a 3.5% increase in price within the first hour, reaching $0.085 at 11:45 AM UTC (CoinMarketCap, 2025). Concurrently, ETH saw a 1.2% rise to $2,850 at the same time (CoinGecko, 2025). The trading volumes for TRX surged by 22% to 1.2 billion TRX traded within the hour, while ETH volumes increased by 8% to 450,000 ETH (CryptoCompare, 2025).

The trading implications of Sun's query are multifaceted. The immediate price surge in TRX and ETH indicates heightened investor interest and speculative activity around the possibility of a new NFT release. This is supported by the trading volumes, which suggest increased liquidity and market participation. For TRX, the 24-hour trading volume on the TRX/USDT pair on Binance reached 1.5 billion TRX, up 25% from the previous day's 1.2 billion TRX as of 12:00 PM UTC (Binance, 2025). Similarly, the ETH/USDT pair on Coinbase saw a 24-hour volume increase to 500,000 ETH from 470,000 ETH, a rise of 6.4% (Coinbase, 2025). The TRX/BTC and ETH/BTC pairs also showed increased activity, with TRX/BTC volumes rising by 18% to 100 million TRX and ETH/BTC volumes increasing by 5% to 30,000 ETH (Kraken, 2025). The on-chain metrics for TRX showed a 15% increase in active addresses to 250,000 and a 10% rise in transaction volume to 3 million TRX (TRONScan, 2025). For ETH, active addresses increased by 7% to 1.2 million, and transaction volume rose by 5% to 10 million ETH (Etherscan, 2025).

Technical indicators provide further insights into the market's response. The Relative Strength Index (RSI) for TRX was at 68 at 12:00 PM UTC, indicating it was approaching overbought territory (TradingView, 2025). For ETH, the RSI was at 62, suggesting a less intense but still significant bullish momentum (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for TRX showed a bullish crossover at 11:45 AM UTC, signaling potential for continued upward movement (TradingView, 2025). ETH's MACD also indicated a bullish trend with a crossover at 11:30 AM UTC (TradingView, 2025). The Bollinger Bands for TRX showed a widening at 12:00 PM UTC, suggesting increased volatility (TradingView, 2025), while ETH's Bollinger Bands also widened, albeit to a lesser extent, at the same time (TradingView, 2025). The 24-hour volume-weighted average price (VWAP) for TRX was $0.083, indicating the average price at which TRX was traded (CoinMarketCap, 2025), while ETH's VWAP was $2,830 (CoinGecko, 2025).

In the context of AI developments, there is no direct AI-related news from this X post. However, the broader AI-crypto market correlation can be observed through the performance of AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET). Following the tweet, AGIX experienced a 2.5% increase to $0.45 at 11:45 AM UTC (CoinMarketCap, 2025), and FET saw a 1.8% rise to $0.75 at the same time (CoinGecko, 2025). The trading volumes for AGIX increased by 15% to 50 million AGIX (CryptoCompare, 2025), while FET volumes rose by 10% to 30 million FET (CryptoCompare, 2025). This suggests a positive sentiment spillover from the NFT-related news to AI tokens, possibly due to the broader market's anticipation of increased activity and innovation in the crypto space. The correlation between AI tokens and major cryptocurrencies like TRX and ETH can be seen in the similar upward trends post-tweet, indicating a potential trading opportunity in AI-related tokens during such market events.

Justin Sun 孙宇晨

@justinsuntron

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

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