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TRX Listed on MoonPay: What This Means for TRON Traders and Crypto Adoption | Flash News Detail | Blockchain.News
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5/7/2025 5:12:24 PM

TRX Listed on MoonPay: What This Means for TRON Traders and Crypto Adoption

TRX Listed on MoonPay: What This Means for TRON Traders and Crypto Adoption

According to @justinsuntron, TRX is now supported on MoonPay, a leading fiat-to-crypto payment platform, as announced on May 7, 2025 (source: Twitter). This integration enables direct TRX purchases with fiat currencies, increasing accessibility and potential trading volume for TRX. The ease of onboarding new users is likely to boost liquidity and attract retail investors, impacting TRX price action and overall market sentiment. Traders should monitor MoonPay transaction data and user adoption rates for potential volatility and trading opportunities. This development also supports broader crypto adoption by simplifying fiat onramp processes for TRON.

Source

Analysis

TRX, the native token of the TRON blockchain, has recently made headlines with an exciting development as announced by TRON founder Justin Sun. On May 7, 2025, Sun shared via his official Twitter account that TRX is integrating with MoonPay, a leading crypto payment platform. This strategic partnership aims to enhance TRX's accessibility for users worldwide by simplifying fiat-to-crypto transactions. The announcement, shared at approximately 10:00 AM UTC, triggered an immediate market response, with TRX recording a price surge of 8.2% within the first hour, moving from $0.123 to $0.133, as per data from CoinMarketCap. Trading volume on major exchanges like Binance and OKX spiked by 35% during the same timeframe, reflecting heightened investor interest. This event is particularly significant in the context of the broader crypto market, which has been showing signs of recovery after a volatile Q1 2025. Meanwhile, the stock market, with indices like the S&P 500 gaining 0.5% on the same day according to Bloomberg, indicates a risk-on sentiment that often correlates with crypto rallies. Institutional interest in blockchain payment solutions has also been on the rise, potentially amplifying the impact of this news on TRX and related assets.

From a trading perspective, the MoonPay integration opens up several opportunities for TRX and potentially other tokens within the TRON ecosystem. The ability to purchase TRX directly with fiat through MoonPay could drive retail adoption, especially in regions with limited access to traditional crypto exchanges. This could lead to sustained buying pressure on TRX/USD and TRX/BTC pairs. On Binance, the TRX/BTC pair saw a 4.1% increase by 11:30 AM UTC on May 7, 2025, while TRX/ETH rose by 3.8%, indicating cross-pair strength. Moreover, this development may indirectly benefit crypto-related stocks like Coinbase Global (COIN), which rose 2.3% on the NASDAQ by 2:00 PM UTC on the same day, as per Yahoo Finance. The correlation between stock market optimism and crypto gains suggests that institutional money flow could pivot toward blockchain payment solutions, with TRX positioned as a key beneficiary. Traders might consider long positions on TRX with stop-losses below $0.125, targeting resistance at $0.14, while monitoring stock market trends for risk appetite cues.

Technically, TRX is showing bullish signals post-announcement. On the 1-hour chart, as of 12:00 PM UTC on May 7, 2025, the Relative Strength Index (RSI) moved from 55 to 68, entering overbought territory but signaling strong momentum, according to TradingView data. The Moving Average Convergence Divergence (MACD) also flipped bullish, with the signal line crossing above the MACD line at 11:00 AM UTC. Volume analysis reveals a 40% spike in on-chain transactions on the TRON network, with over 5.2 million transactions recorded by 1:00 PM UTC, as reported by TRONSCAN. This aligns with exchange volume data, where Binance alone recorded $120 million in TRX trades within 4 hours of the news. The stock-crypto correlation remains evident, as the positive movement in tech-heavy indices like the NASDAQ, up 0.7% by 3:00 PM UTC per Reuters, mirrors the risk-on sentiment fueling TRX's rally. Institutional inflows into crypto ETFs, such as the Grayscale Digital Large Cap Fund, which saw a 1.5% increase in assets under management on May 7, 2025, according to Grayscale's official report, further indicate cross-market optimism.

In terms of broader market dynamics, the integration of TRX with MoonPay could position TRON as a leader in fiat-to-crypto onboarding, potentially influencing other blockchain projects to follow suit. The stock market's positive reaction, particularly among fintech and crypto-related equities, underscores a growing acceptance of digital assets in traditional finance. Traders should remain vigilant for profit-taking around key resistance levels like $0.135, while watching for any pullbacks in stock indices that could dampen crypto sentiment. This event highlights a unique convergence of retail accessibility and institutional interest, making TRX a focal point for both short-term scalps and long-term holds in the evolving crypto landscape.

Justin Sun 孙宇晨

@justinsuntron

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