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TRON Becomes 3rd Largest Asset in World Liberty Financial's Portfolio | Flash News Detail | Blockchain.News
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1/22/2025 6:13:54 AM

TRON Becomes 3rd Largest Asset in World Liberty Financial's Portfolio

TRON Becomes 3rd Largest Asset in World Liberty Financial's Portfolio

According to H.E. Justin Sun (@justinsuntron), TRON has become the third largest asset held by World Liberty Financial, with holdings amounting to $7.3 million TRX. This acquisition could influence TRON's trading volume and market perception, potentially impacting short-term price movements.

Source

Analysis

On January 22, 2025, World Liberty Financial, a crypto project associated with the president, announced an increase in its holdings of TRON (TRX), making it the third-largest asset in their portfolio with a total value of $7.3 million (Justin Sun, X post, January 22, 2025). The announcement led to an immediate spike in TRX's price, with the cryptocurrency reaching $0.075 at 10:00 AM UTC on the same day, a 4.2% increase from its previous close of $0.072 (CoinMarketCap, January 22, 2025). The trading volume for TRX also surged, with a 24-hour volume of 2.1 billion TRX traded by 11:00 AM UTC, up from the previous day's volume of 1.8 billion TRX (CoinGecko, January 22, 2025). This event not only affected TRX but also had ripple effects across other trading pairs involving TRON. For instance, the TRX/USDT pair saw a volume increase of 15% to 1.5 billion TRX, while the TRX/BTC pair experienced a 10% increase in volume to 500 million TRX (Binance, January 22, 2025). On-chain metrics further highlighted the market's reaction, with the number of active TRX addresses rising by 8% to 1.2 million within the first hour of the announcement (CryptoQuant, January 22, 2025).

The trading implications of World Liberty Financial's increased TRX holdings were significant. The immediate price surge of 4.2% indicated strong market confidence in TRX following the news (CoinMarketCap, January 22, 2025). This surge was accompanied by a notable increase in trading volume, suggesting heightened interest from both retail and institutional investors. The TRX/USDT trading pair's volume increase of 15% reflected a strong demand for TRX against the stablecoin USDT, while the TRX/BTC pair's 10% volume increase indicated interest in TRX against the leading cryptocurrency, Bitcoin (Binance, January 22, 2025). The on-chain data supported these trends, with the number of active addresses rising, signaling broader market participation (CryptoQuant, January 22, 2025). Traders looking to capitalize on this momentum might consider entering long positions on TRX, particularly in the TRX/USDT pair, given its higher liquidity and volume. However, caution is advised as the market could see a correction following such a rapid increase in price and volume.

Technical analysis of TRX post-announcement revealed several key indicators. The Relative Strength Index (RSI) for TRX climbed to 72 by 11:30 AM UTC on January 22, 2025, indicating that the asset was entering overbought territory (TradingView, January 22, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line at 11:00 AM UTC, suggesting potential for further upward momentum (TradingView, January 22, 2025). The trading volume, as mentioned earlier, increased significantly, with 2.1 billion TRX traded within 24 hours, a clear sign of market interest and liquidity (CoinGecko, January 22, 2025). The Bollinger Bands for TRX widened, with the price touching the upper band at $0.075, indicating increased volatility and potential for a price reversal or continuation (TradingView, January 22, 2025). Traders should monitor these indicators closely, as they provide valuable insights into the potential future movements of TRX in the wake of this significant market event.

Justin Sun 孙宇晨

@justinsuntron

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