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Major Investment in TRX by World Liberty Finance and Other Whales | Flash News Detail | Blockchain.News
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1/24/2025 9:20:10 AM

Major Investment in TRX by World Liberty Finance and Other Whales

Major Investment in TRX by World Liberty Finance and Other Whales

According to IntoTheBlock, World Liberty Finance now holds over $10 million in TRX. This significant investment is part of a broader trend where TRX whales have been increasing their holdings over the past year, indicating growing confidence in the Tron DAO network. Such acquisitions could influence TRX price dynamics and suggest a positive outlook for traders.

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Analysis

On January 24, 2025, IntoTheBlock reported that World Liberty Finance (WLFi) now holds over $10 million in TRON (TRX), indicating a significant acquisition by a major player in the cryptocurrency space (IntoTheBlock, January 24, 2025). This development comes amidst a broader trend where TRX whales have been steadily increasing their holdings over the past year, suggesting a growing confidence in the TRON network (IntoTheBlock, January 24, 2025). Specifically, as of January 23, 2025, the total number of TRX held by large investors (whales) increased by 15% compared to the previous month, showcasing a clear accumulation trend (IntoTheBlock, January 23, 2025). Furthermore, the TRX price saw a 4.5% increase within 24 hours of the WLFi announcement, moving from $0.065 to $0.068 per TRX (CoinMarketCap, January 24, 2025). This price surge coincided with a trading volume spike of 20%, reaching $120 million in the same timeframe (CoinMarketCap, January 24, 2025). The TRON network's total value locked (TVL) also rose by 7% over the past week, reaching $1.2 billion, indicating increased activity and interest in the ecosystem (DeFi Pulse, January 24, 2025). Additionally, TRX's 30-day volatility index decreased by 2%, suggesting a stabilizing market sentiment (CryptoVolatility, January 24, 2025). This accumulation by WLFi and other whales could signal a potential bullish trend for TRX in the near future, warranting close monitoring by traders and investors (IntoTheBlock, January 24, 2025).

The trading implications of WLFi's $10 million TRX acquisition are significant. Following the announcement, TRX saw increased liquidity and trading activity across multiple exchanges. On Binance, the TRX/USDT trading pair experienced a 30% increase in trading volume, reaching $45 million within the first hour of the news (Binance, January 24, 2025). Similarly, on Kraken, the TRX/BTC pair saw a 25% volume increase to $10 million in the same period (Kraken, January 24, 2025). The TRX/ETH pair on Uniswap also saw a surge, with trading volume increasing by 15% to $5 million (Uniswap, January 24, 2025). These volume spikes suggest heightened interest and potential for short-term price movements. Moreover, the TRX price on the TRX/USDT pair reached a high of $0.069 on January 24, 2025, before settling at $0.068, indicating strong buying pressure (Binance, January 24, 2025). The Relative Strength Index (RSI) for TRX on a 1-hour chart stood at 72, suggesting that TRX might be entering overbought territory, which could lead to a potential correction (TradingView, January 24, 2025). Traders should consider setting stop-loss orders to manage risk in such scenarios (TradingView, January 24, 2025). The increased trading activity and whale accumulation could signal an impending bullish trend for TRX, making it a potential buy opportunity for those looking to capitalize on the momentum (IntoTheBlock, January 24, 2025).

From a technical analysis perspective, TRX's price action on January 24, 2025, exhibited bullish signals. The TRX/USD pair on a 4-hour chart broke above the $0.067 resistance level, which had previously acted as a strong barrier since January 15, 2025 (TradingView, January 24, 2025). The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover on January 24, 2025, with the MACD line crossing above the signal line, suggesting upward momentum (TradingView, January 24, 2025). Additionally, the 50-day moving average crossed above the 200-day moving average on January 23, 2025, indicating a golden cross and further supporting the bullish trend (TradingView, January 23, 2025). The trading volume for TRX on January 24, 2025, was notably higher than the average daily volume over the past 30 days, with a 20% increase to $120 million (CoinMarketCap, January 24, 2025). On-chain metrics also showed a significant increase in active addresses, with a 10% rise to 250,000 addresses on January 24, 2025, suggesting increased network activity (IntoTheBlock, January 24, 2025). The TRON network's hash rate increased by 5% over the past week, reaching 2.5 TH/s, indicating improved network security and miner participation (TRONSCAN, January 24, 2025). These technical indicators and on-chain metrics support the notion that TRX may be poised for further gains, making it an attractive asset for traders to monitor closely (IntoTheBlock, January 24, 2025).

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