Justin Sun boosts buying activity in cryptocurrency markets | Flash news details

On 24 January 2025, at 14:35 UTC, Justin Sun, a prominent cryptocurrency figure, tweeted “买买买🛍️” (buy buy buy), indicating a bullish sentiment towards the market (Source: Post by Justin, Sunday, January 24, 2025). This tweet was followed by immediate market reaction, with Bitcoin (BTC) seeing a 2.3% increase from $45,000 to $46,029 over the next 30 minutes, as reported by CoinGecko at 15:05 UTC (Source: CoinGecko, January 24 2025). Ethereum (ETH) also saw a rise, rising from $2,500 to $2,575 during the same period (Source: CoinGecko, January 24, 2025). The tweet’s impact was not limited to major cryptocurrencies; TRON (TRX), a project closely linked to Justin Sun, rose 5.6% from $0.07 to $0.074 in the same time frame (Source: CoinGecko, January 24, 2025). TRX trading volume on major exchanges such as Binance and Huobi rose by 30% within the first hour after the tweet, reaching a volume of 1.2 billion TRX (Source: Binance and Huobi trading data, January 24, 2025). Sentiment surrounding Justin Sun’s tweet was largely positive, with social media platforms such as

The trading implications of Justin Sun’s tweet were significant across multiple trading pairs. The BTC/USDT pair saw a 15% increase in trading volume from 15:05 UTC to 16:05 UTC, with 12,000 BTC traded in this period (Source: Binance trading data, 24 January 2025). Likewise, the ETH/USDT pair saw a 10% increase in volume, with 50,000 ETH traded (Source: Binance trading data, January 24, 2025). The TRX/USDT pair, which was directly affected by Justin Sun’s tweet, saw its trading volume rise by 40%, with 1.5 billion TRX traded during the hour following the tweet (Source: Binance trading data, January 24, 2025). Market reaction indicates a strong relationship between the emotions of influential figures and immediate market movements. On-chain metrics for TRX showed a 20% increase in active addresses within the first hour, indicating increased interest and engagement from the community (Source: Transcan, January 24, 2025). The market’s response to Justin Sun’s tweet suggests that traders should closely monitor such announcements for potential short-term trading opportunities.

Technical indicators at the time of the tweet provided further insights into the market’s direction. For Bitcoin, the Relative Strength Index (RSI) was at 62, indicating a slight overbought condition but still within an uptrend (Source: TradingView, January 24, 2025). BTC’s Moving Average Convergence Divergence (MACD) has shown a bullish crossover, supporting bullish price action (Source: TradingView, January 24, 2025). Ethereum’s RSI was at 58, indicating a more balanced market condition compared to Bitcoin (Source: TradingView, January 24, 2025). ETH’s MACD was also bullish, reinforcing positive sentiment (Source: TradingView, January 24, 2025). For TRX, the RSI was at 70, indicating a severe overbought condition, which could indicate a potential short-term pullback (Source: TradingView, January 24, 2025). The MACD indicator for TRX showed a strong bullish signal, in line with the immediate rise in prices (Source: TradingView, January 24, 2025). TRX trading volume on the TRX/BTC pair rose 25% in the hour following the tweet, with 500 million TRX traded (Source: Binance trading data, January 24, 2025). These technical indicators and volume data confirm the market’s sensitivity to statements by influential figures and the possibility of rapid price movements following these announcements.