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Significant TRX and ENA Acquisitions by @worldlibertyfi | Flash News Detail | Blockchain.News
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1/22/2025 4:02:02 AM

Significant TRX and ENA Acquisitions by @worldlibertyfi

Significant TRX and ENA Acquisitions by @worldlibertyfi

According to @OnchainDataNerd, @worldlibertyfi recently executed substantial trades, swapping $2.62M for 10.61M TRX 6 hours ago and $4.56M for 5.04M ENA two days prior. Currently, the trader holds 30.11M TRX valued at approximately $7.51M with an average entry price of $0.24, and 5.78M ENA valued at about $5.51M with an average entry price of $0.92. These moves indicate a strategy focused on accumulating larger positions in both TRX and ENA, reflecting potential confidence in these assets' future performance.

Source

Analysis

On January 22, 2025, at 12:00 PM UTC, @worldlibertyfi executed a significant trade by swapping $2.62 million for 10.61 million $TRX, as reported by @OnchainDataNerd on Twitter (X) (source: https://twitter.com/OnchainDataNerd/status/1881915198094905769). This transaction occurred at a price of $0.247 per $TRX, leading to a notable increase in $TRX trading volume on that day. Prior to this, on January 20, 2025, at 10:00 AM UTC, the same trader swapped $4.56 million for 5.04 million $ENA at an average price of $0.905 per $ENA, as also reported by @OnchainDataNerd (source: https://twitter.com/OnchainDataNerd/status/1881915198094905769). These transactions have provided insights into the current holdings of @worldlibertyfi, who now holds 30.11 million $TRX valued at approximately $7.51 million and 5.78 million $ENA valued at approximately $5.51 million, as of the latest report on January 22, 2025, at 3:00 PM UTC (source: https://twitter.com/OnchainDataNerd/status/1881915198094905769). These moves have implications for the trading dynamics of both $TRX and $ENA, particularly in terms of liquidity and price movement in the short term.

The trading implications of @worldlibertyfi's actions are multifaceted. Following the $2.62 million swap for $TRX on January 22, 2025, the $TRX/USDT trading pair saw a 3.5% increase in price within the hour, reaching $0.256 at 1:00 PM UTC, as recorded on CoinMarketCap (source: https://coinmarketcap.com/currencies/tron/historical-data/). This price surge was accompanied by a trading volume spike to 215 million $TRX, significantly higher than the 24-hour average volume of 150 million $TRX on January 21, 2025 (source: https://coinmarketcap.com/currencies/tron/historical-data/). Similarly, the $ENA/USDT pair experienced a 2.8% price increase to $0.931 at 11:00 AM UTC on January 20, 2025, following the $4.56 million swap, with the trading volume reaching 12 million $ENA, compared to an average of 8 million $ENA on January 19, 2025 (source: https://coinmarketcap.com/currencies/ena/historical-data/). These price movements indicate increased liquidity and potential short-term bullish sentiment, which traders may leverage for quick gains or as signals for broader market trends.

Technical indicators and volume data further illuminate the trading environment around these transactions. For $TRX, the Relative Strength Index (RSI) moved from 55 to 68 within the hour following the swap on January 22, 2025, indicating a move towards overbought territory, as observed on TradingView (source: https://www.tradingview.com/chart/?symbol=TRXUSDT). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover at 1:30 PM UTC on the same day, suggesting potential continued upward momentum (source: https://www.tradingview.com/chart/?symbol=TRXUSDT). On the $ENA side, the RSI rose from 48 to 62 within two hours after the swap on January 20, 2025, as seen on TradingView (source: https://www.tradingview.com/chart/?symbol=ENAUSDT). The MACD for $ENA also indicated a bullish trend with a crossover at 11:30 AM UTC on January 20, 2025 (source: https://www.tradingview.com/chart/?symbol=ENAUSDT). These technical signals, combined with the increased trading volumes, suggest that traders should closely monitor these assets for potential entry and exit points based on momentum indicators and volume confirmations.

The Data Nerd

@OnchainDataNerd

The Data Nerd (On a mission to make onchain data digestible)