News View Non-AMP

Time to Buy Tron? Donald Trump Adds Another 10.81M TRX

Published by
Chandan Gupta

The overall cryptocurrency market sentiment appears to be recovering following Pro-Crypto Donald Trump’s presidential inauguration. Amid this, Tron (TRX) seems optimistic and is poised for significant upside momentum due to its bullish structure on the daily chart and increasing interest from long-term holders.

World Liberty 10.81M TRX

Today, January 22, 2025, the blockchain-based transaction tracker Lookonchain posted on X (formerly Twitter) that Trump’s World Liberty purchased 10.81 million TRX tokens for $2.65 million in USDT.

This marks the second-largest TRX purchase made by Trump’s team since his inauguration. On January 20, 2024, the team acquired 18.3 million TRX for $4.7 million in two separate transactions to celebrate Trump’s inauguration as the 47th President.

With these recent TRX purchases, World Liberty’s TRX holdings have now reached 30.11 million, valued at $7.38 million.

75% Top Binance Traders Long on TRX

Considering these investments, traders on Binance have shown strong interest and confidence, as reported by the on-chain analytics firm Coinglass. Data from Binance’s TRXUSDT Long/Short ratio reveals that, currently, for every 3.04 long positions, there is only one short position, indicating strong bullish sentiment among traders.

Source: Coinglasss

Currently, 75.23% of top traders hold long positions, while 24.77% hold short positions.

Tron (TRX) Technical Analysis and Upcoming Level

According to expert technical analysis, TRX appears bullish as it has recently broken out of a trendline it had been consistently testing since early December 2024, as well as the neckline of a bullish double-bottom price action pattern. Following the breakout, TRX sentiment seems to be shifting and is poised for significant upside momentum.

TRX Price Prediction

Based on recent price action and historical momentum, if TRX closes a daily candle above the $0.25 level, there is a strong possibility it could surge by 35%, reaching the $0.34 level in the coming days.

At press time, TRX is trading near $0.255, having experienced a price surge of over 5.50% in the past 24 hours. However, during the same period, its trading volume dropped by 25%, indicating lower participation from traders and investors compared to the previous day.

Chandan Gupta

Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

Recent Posts

Whales Dump Pepe: Pepeto Could Be Their Next 100x Crypto Play

On July 3, PEPE recorded a high of $0.0000107, marking its strongest price in over…

July 5, 2025

Can Bitcoin Bulls Withstand the Re-awakening of Satoshi-era Whales?

Bitcoin (BTC) price has been rejected by two subtle and important resistances in the past…

July 5, 2025

Trending Alternative Crypto to Dogecoin (DOGE) Set to Turn $650 into $65,000 in 4 Months

Few tokens have stirred as much chaos and charm as Dogecoin. What started as a…

July 4, 2025

Top 2 Cryptos Under $0.10 to Buy in July, Both Tipped to Double

With July heating up, the spotlight is shifting to lesser-known tokens under $0.10 that offer…

July 4, 2025

Bitcoin Sets the Macro Tone, But Lightchain AI Sets the Fire That Smaller Investors Are Running Toward

Bitcoin continues to set the macro tone for the cryptocurrency market, influencing broad investor sentiment…

July 4, 2025

Ethereum Holds Its Rank, But Lightchain AI Holds the Heat With Tactical Movement Into Final Presale Stage

Ethereum continues to hold its rank as a leading blockchain platform, maintaining strong developer engagement…

July 4, 2025