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Donald Trump World Liberty Financial Boosts Tron Holdings, TRX Price To Rally?

  • World Liberty Financial bought 10.81M TRX for $2.65M, raising total holdings to 30.11M TRX valued at $7.38M.
  • TRX price rose 5% to $0.25, with open interest up 14% to $258M, signaling bullish sentiment.
  • TRX bullish outlook suggests a potential rally, targeting $0.50 by the end of Q1

World Liberty Financial, owned by Donald Trump, added 10.81 million TRX tokens to its cryptocurrency collection. As the purchase of TRX tokens used $2.65 million USDT funds it raised the total owned Tron coin to 30.11 million valued at $7.38 million.

The latest TRX token purchase reinforces the project’s ongoing commitment to spread its investments evenly across digital currencies.

https://twitter.com/lookonchain/status/1881873679237468604

On-chain data from Arkham Intelligence shows World Liberty Financial made a cryptocurrency purchase as part of a comprehensive buying strategy.

On Tuesday World Liberty Financial made a significant investment in Ethereum and transferred 5,252 ETH tokens totaling $17.43 million to Lido Finance for staking. Over three days, the project put $168.4 million into buying Ethereum, WBTC, AAVE, LINK, and Tron tokens.

Source: Arkham Intelligence
Source: Arkham Intelligence

TRX Price Sees Bullish Momentum

TRX price saw a strong 5.7% increase in price following the TRX purchase with its market price at $0.251. Buyers are actively showing interest in Tron through increased trading volume.

New data from Coinglass shows open interest for futures grew by 14% to $258 million. Experts see increasing trading volume as an indicator of price surge ahead.

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TRX price technical data suggests it is approaching a key breakout point. A descending wedge pattern appears on the chart with Fibonacci retracement levels predicting TRX might rise to $0.30 and $0.33.

Crypto analyst AMCrypto suggests that TRON will reach $0.50 by Q1 2025 as market performance stays favorable plus traders keep buying.

Source: X
Source: X

Justin Sun’s Role in World Liberty Financial

World Liberty Financial achieved impressive growth due to the support of Tron founder Justin Sun. Sun invested a further $45 million into the project which brings TRON DAO’s total investment to $75 million. Right before Donald Trump’s presidency started Tron made strategic investments to bolster its platform infrastructure.

World Liberty Financial increased the token supply by placing 5% of WLFI tokens on its trading platform for distribution. The platform has sold 20.86 billion WLFI tokens to investors leaving 4.138 billion tokens that can be acquired using ETH USDC USDT or WETH. The project plans to draw new investors by using its existing market influence.

What’s Next For TRX Price?

TRX price shows positive market development alongside strategic investments that indicate its potential growth trajectory. TRX market continues to produce higher trend lines showing sustained buyer interest.

Tron’s growth strategy receives backing from substantial World Liberty Financial and Justin Sun investments that work to strengthen the entire ecosystem. World Liberty Financial has 36,000 investors who own WLFI tokens and plans to sell 5% more tokens to the public.

TRX price shows momentum with bullish market indicators that point to future growth expectations. Since World Liberty Financial keeps growing its investments TRX traders anticipate a future price boost that might push TRX toward $0.50 by the end of Q1.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Kelvin Munene
Kelvin Munene
Kelvin is an experienced crypto journalist with over 6 years of experience backed by an Actuarial Science and English Degree. He has over 10,000 works published under his profile in several major media sites in the crypto, Web 3, and Finance sectors.