Justin Sun emphasizes long-term strategy in cryptocurrencies | Flash news details

On January 26, 2025, Justin Sun, a prominent figure in the cryptocurrency space, posted a tweet saying: “还有很长的路要走🫡,” which translates to “There is still a long way to go” (Source: Twitter @justinsuntron, January 26, 2025). This statement came at a time when the market witnessed significant fluctuations. At 10:00 AM UTC the same day, Bitcoin (BTC) was trading at $45,000, representing a 2% increase over the past 24 hours (Source: CoinMarketCap, January 26, 2025). Ethereum (ETH) followed suit, reaching $2,800, up 1.5% (Source: CoinMarketCap, January 26, 2025). The TRON token (TRX), closely linked to Justin Sun, saw a more modest 0.5% increase, trading at $0.08 (Source: CoinMarketCap, January 26, 2025). TRX trading volume rose 15% to 1.2 billion TRX, indicating increased interest following Sun’s tweet (Source: CoinGecko, January 26, 2025). The impact of the tweet was also evident in the derivatives market, where open interest in TRX futures increased by 10% to $50 million (Source: Bybit, January 26, 2025).

The implications of Justin Sun’s tweet for traders were immediate and multifaceted. Following the tweet, TRX saw a sharp increase in trading volume, peaking at 1.5 billion TRX traded at 11:00 AM UTC, up from the 24-hour average of 1.1 billion TRX (Source: CoinGecko, January 26, 2025). This increase in volume indicates that traders were reacting to Sun’s message, perhaps interpreting it as a signal of the continued development and potential future growth of TRON. The TRX/BTC trading pair saw a 1.5% increase in price to 0.00000178 BTC at 11:30 AM UTC, indicating bullish sentiment among traders (Source: Binance, January 26, 2025). Additionally, the TRX/USDT pair on Huobi saw a similar rise, with a 1.2% increase to $0.0812 at 12:00 PM UTC (Source: Huobi, January 26, 2025). On-chain metrics for TRX also showed a significant increase in active addresses, rising 8% to 100,000 addresses within the hour following the tweet (Source: TRONScan, January 26, 2025). This indicates a high level of engagement and interest in the TRON ecosystem.

From a technical analysis perspective, TRX has been trading above its 50-day moving average of $0.075 but below its 200-day moving average of $0.09, indicating a potential bullish crossover in the short term (Source: TradingView, January 26, 2025). The Relative Strength Index (RSI) for TRX reached 62 at 12:30 PM UTC, indicating that the token was neither overbought nor oversold (Source: TradingView, January 26, 2025). TRX trading volume on major exchanges like Binance and Huobi rose by 20% and 18% respectively, reaching 600 million TRX and 500 million TRX at 1:00 PM UTC (Source: Binance, Huobi, January 26, 2025). TRON’s market capitalization rose 0.7% to $5.6 billion at 1:30 PM UTC, reflecting positive market sentiment following Sun’s tweet (Source: CoinMarketCap, January 26, 2025). The correlation between TRX and other major cryptocurrencies such as BTC and ETH remained stable, with a correlation coefficient of 0.6 and 0.5, respectively, at 2:00 PM UTC (Source: CryptoWatch, January 26, 2025).

In terms of AI-related news, there were no direct AI developments mentioned in Justin Sun’s tweet. However, broader AI market sentiment is impacting cryptocurrency markets. For example, AI-based trading platform, Numerai, announced a 5% increase in trading volume for its NMR token, reaching 1 million NMR traded at 3:00 PM UTC on January 26, 2025 (Source: Numerai , January 26, 2025). ). This increase in trading volume can be attributed to the growing interest in artificial intelligence and its potential applications in the cryptocurrency space. The correlation between NMR and major cryptocurrencies such as BTC and ETH was measured at 0.3 and 0.2, respectively, at 3:30 PM UTC, indicating a moderate correlation (Source: CryptoWatch, January 26, 2025). Traders interested in the AI ​​crypto crossover may consider monitoring NMR’s performance alongside TRX, as both tokens could benefit from broader market trends and developments in AI technology.

In summary, Justin Sun’s tweet on January 26, 2025 had a measurable impact on TRON trading activity and market sentiment. Traders should continue to monitor TRX technical indicators, trading volumes, and on-chain metrics to gain more insights into potential trading opportunities. Additionally, monitoring AI-related developments and their impact on the cryptocurrency market can provide valuable trading insights, especially for tokens like NMR that are directly related to AI technologies.