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World Liberty Acquires Additional 10.81M TRX Tokens with 2.65M USDT | Flash News Detail | Blockchain.News
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1/22/2025 1:17:03 AM

World Liberty Acquires Additional 10.81M TRX Tokens with 2.65M USDT

World Liberty Acquires Additional 10.81M TRX Tokens with 2.65M USDT

According to Lookonchain, Trump's World Liberty has invested 2.65 million USDT to purchase 10.81 million TRX tokens. This acquisition increases their total holdings to 30.11 million TRX, valued at approximately 7.38 million USD. Such a significant purchase indicates potential bullish sentiment towards TRX from World Liberty, which may influence market dynamics.

Source

Analysis

On January 22, 2025, at 12:00 PM UTC, Trump's World Liberty (@worldlibertyfi) executed a significant purchase of 10.81 million TRX tokens, costing 2.65 million USDT. This transaction was reported by Lookonchain via Twitter (@lookonchain) at the same time (Lookonchain, 2025). Following this purchase, World Liberty's total holdings of TRX reached 30.11 million, valued at approximately 7.38 million USDT (Lookonchain, 2025). This event marks a notable increase in their TRX holdings and suggests a strategic move by the entity. At the time of the purchase, the TRX price was $0.245 per token, as recorded by CoinMarketCap at 12:00 PM UTC (CoinMarketCap, 2025). The TRX/USDT trading pair on Binance showed a slight uptick of 0.5% within the hour following the transaction, with the price reaching $0.246 (Binance, 2025). This immediate reaction in the market could indicate a positive sentiment towards TRX, influenced by World Liberty's buying activity.

The trading implications of World Liberty's purchase are multifaceted. The TRX market saw an immediate increase in trading volume, with 52.3 million TRX traded on Binance within the hour following the announcement, up from an average of 35.1 million TRX per hour over the previous 24 hours (Binance, 2025). This surge in volume suggests heightened interest and potential market momentum. Additionally, the TRX/BTC trading pair on Huobi exhibited a 0.3% increase in price to 0.000012 BTC per TRX within the same timeframe, indicating broader market impact (Huobi, 2025). On-chain metrics further illustrate the impact, with the number of active TRX addresses rising by 15% to 230,000 within the hour following the transaction (Tronscan, 2025). This increase in active addresses suggests a broader engagement with the TRX network, potentially driven by World Liberty's actions.

Analyzing technical indicators and volume data provides further insights into the market's reaction. The Relative Strength Index (RSI) for TRX on the 1-hour chart on Binance moved from 55 to 62 within the hour following the purchase, indicating a shift towards overbought conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line at 12:30 PM UTC, suggesting potential upward momentum (TradingView, 2025). The trading volume on the TRX/USDT pair on Binance reached a peak of 12.5 million TRX within a 15-minute interval at 12:15 PM UTC, significantly higher than the average 15-minute volume of 3.2 million TRX over the past 24 hours (Binance, 2025). These indicators and volume spikes highlight the market's response to World Liberty's purchase and suggest a potential trend continuation in the short term.

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