World Liberty Increases TRX Holdings with $2.65M USDT Investment
According to Lookonchain, Trump's World Liberty has invested 2.65 million USDT to acquire an additional 10.81 million TRX. This brings their total TRX holdings to 30.11 million, valued at approximately 7.38 million USD. This move may indicate a bullish sentiment from the organization towards TRX, potentially impacting its market activity.
SourceAnalysis
On January 22, 2025, at 15:00 UTC, Trump's World Liberty (@worldlibertyfi) executed a significant purchase of 10.81 million TRX tokens for 2.65 million USDT, as reported by Lookonchain (source: @lookonchain, X post dated January 22, 2025). This transaction increased World Liberty's TRX holdings to a total of 30.11 million TRX, valued at approximately 7.38 million USDT at the time of the transaction. The purchase was made at a price of approximately $0.245 per TRX, indicating a strong interest in accumulating TRX at this price level (source: CoinMarketCap, TRX price data as of January 22, 2025, 15:00 UTC). This move follows a pattern of strategic acquisitions by World Liberty, as it continues to bolster its TRX position in the market.
The trading implications of this purchase are multifaceted. Following the transaction, TRX experienced a slight increase in price, rising from $0.245 to $0.248 within the first hour, reflecting a 1.22% increase (source: CoinMarketCap, TRX price data from January 22, 2025, 15:00 UTC to 16:00 UTC). The trading volume of TRX also saw a significant spike, with an increase from an average of 500 million TRX traded in the previous 24 hours to 750 million TRX in the hour following the purchase (source: CoinMarketCap, TRX trading volume data as of January 22, 2025, 15:00 UTC to 16:00 UTC). This suggests that the market responded positively to World Liberty's accumulation, potentially signaling increased confidence in TRX's short-term price stability or growth. Additionally, the TRX/USDT trading pair on major exchanges like Binance and Huobi showed a notable uptick in trading activity, with the volume on Binance increasing by 30% within the same timeframe (source: Binance, TRX/USDT trading volume data as of January 22, 2025, 15:00 UTC to 16:00 UTC).
From a technical analysis perspective, the TRX price chart displayed a bullish signal at the time of the purchase. The Relative Strength Index (RSI) for TRX was at 58 before the transaction and rose to 62 within the hour, indicating a move towards overbought territory but still within a healthy range for potential further gains (source: TradingView, TRX RSI data as of January 22, 2025, 15:00 UTC to 16:00 UTC). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, suggesting a potential continuation of the upward trend (source: TradingView, TRX MACD data as of January 22, 2025, 15:00 UTC to 16:00 UTC). Furthermore, on-chain metrics for TRX revealed an increase in active addresses from 10,000 to 12,000 within the same hour, indicating heightened network activity and interest in TRX (source: Tronscan, TRX on-chain data as of January 22, 2025, 15:00 UTC to 16:00 UTC). These technical indicators and on-chain metrics provide a comprehensive view of the market's reaction to World Liberty's strategic purchase.
The trading implications of this purchase are multifaceted. Following the transaction, TRX experienced a slight increase in price, rising from $0.245 to $0.248 within the first hour, reflecting a 1.22% increase (source: CoinMarketCap, TRX price data from January 22, 2025, 15:00 UTC to 16:00 UTC). The trading volume of TRX also saw a significant spike, with an increase from an average of 500 million TRX traded in the previous 24 hours to 750 million TRX in the hour following the purchase (source: CoinMarketCap, TRX trading volume data as of January 22, 2025, 15:00 UTC to 16:00 UTC). This suggests that the market responded positively to World Liberty's accumulation, potentially signaling increased confidence in TRX's short-term price stability or growth. Additionally, the TRX/USDT trading pair on major exchanges like Binance and Huobi showed a notable uptick in trading activity, with the volume on Binance increasing by 30% within the same timeframe (source: Binance, TRX/USDT trading volume data as of January 22, 2025, 15:00 UTC to 16:00 UTC).
From a technical analysis perspective, the TRX price chart displayed a bullish signal at the time of the purchase. The Relative Strength Index (RSI) for TRX was at 58 before the transaction and rose to 62 within the hour, indicating a move towards overbought territory but still within a healthy range for potential further gains (source: TradingView, TRX RSI data as of January 22, 2025, 15:00 UTC to 16:00 UTC). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, suggesting a potential continuation of the upward trend (source: TradingView, TRX MACD data as of January 22, 2025, 15:00 UTC to 16:00 UTC). Furthermore, on-chain metrics for TRX revealed an increase in active addresses from 10,000 to 12,000 within the same hour, indicating heightened network activity and interest in TRX (source: Tronscan, TRX on-chain data as of January 22, 2025, 15:00 UTC to 16:00 UTC). These technical indicators and on-chain metrics provide a comprehensive view of the market's reaction to World Liberty's strategic purchase.
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