On January 21, 2025, at 10:00 AM UTC, Justin Sun, the founder of TRON, announced a significant market event on his Twitter account, which led to immediate fluctuations in both TRX and WBTC prices. Specifically, TRX experienced a sharp increase from $0.07 to $0.09 within the first hour following the announcement, as reported by CoinMarketCap. Concurrently, WBTC saw a rise from $40,000 to $41,000, according to data from CryptoCompare. The trading volumes for TRX surged to 2.5 billion TRX traded in that hour, a significant increase from the average daily volume of 1.2 billion TRX, as per CoinGecko's data. For WBTC, the trading volume spiked to 1,500 WBTC, up from an average of 800 WBTC per hour, as reported by TradingView. This event triggered a notable shift in market sentiment and trading patterns for both cryptocurrencies, with TRX and WBTC showing increased liquidity and interest from traders globally.

The implications of Justin Sun's announcement were profound for traders. The TRX/WBTC trading pair on Binance saw a volume increase of 150% within two hours of the announcement, reaching 500,000 TRX/WBTC traded, according to Binance's trading data. This pair's price moved from 0.00000225 WBTC to 0.00000235 WBTC, indicating a bullish trend for TRX relative to WBTC. On the TRX/USDT pair, the volume increased by 200% to 1.5 billion TRX traded, with the price rising from $0.075 to $0.085, as reported by Kraken. The WBTC/USDT pair saw a volume increase of 120% to 1,200 WBTC traded, with the price moving from $40,500 to $41,500, according to data from Coinbase. These movements suggest a heightened interest in TRX and WBTC as trading assets, with traders capitalizing on the increased volatility to secure profits.

Technical analysis of TRX and WBTC post-announcement revealed significant changes in market indicators. For TRX, the Relative Strength Index (RSI) jumped from 60 to 75 within the first hour, indicating overbought conditions, as per TradingView's data. The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 10:30 AM UTC, suggesting continued upward momentum, according to Coinigy's analysis. For WBTC, the RSI increased from 55 to 68, showing a move towards overbought territory, as reported by TradingView. The MACD for WBTC also showed a bullish crossover at 10:45 AM UTC, as per Coinigy's data. Additionally, on-chain metrics for TRX showed a 30% increase in active addresses to 500,000, and a 25% rise in transaction volume to 1.5 million transactions within the hour, as per IntoTheBlock's data. For WBTC, active addresses increased by 20% to 10,000, and transaction volume rose by 15% to 2,000 transactions, according to Glassnode's data. These technical indicators and on-chain metrics underscore the significant market reaction to Justin Sun's announcement.