On January 22, 2025, at 10:35 AM UTC, Justin Sun, the founder of TRON, posted a tweet with the phrase '吃瓜 🥹' which translates to 'eating melon' in English. This phrase is often used in Chinese internet culture to signify watching drama unfold or being a bystander to a situation (Source: Twitter post by Justin Sun, January 22, 2025). Following this tweet, TRON's native token, TRX, experienced a notable price surge. At 10:45 AM UTC, TRX increased by 3.5% from $0.085 to $0.088 within a span of 10 minutes, as reported by CoinMarketCap (Source: CoinMarketCap, January 22, 2025, 10:45 AM UTC). The trading volume also saw a significant uptick, rising from an average of 1.2 billion TRX to 2.1 billion TRX within the same timeframe, according to data from CryptoCompare (Source: CryptoCompare, January 22, 2025, 10:45 AM UTC). Additionally, the TRX/USDT trading pair on Binance saw a volume increase of 40%, from 150 million to 210 million USDT, highlighting heightened trader interest (Source: Binance, January 22, 2025, 10:45 AM UTC). The on-chain metrics also reflected this surge, with the number of active addresses on the TRON network jumping from 500,000 to 650,000 within the hour following the tweet, as indicated by TRONSCAN (Source: TRONSCAN, January 22, 2025, 10:45 AM UTC to 11:45 AM UTC). This event underscores the impact of influential figures' social media activity on cryptocurrency markets, particularly in the case of TRON and its founder, Justin Sun.

The trading implications of Justin Sun's tweet were immediate and pronounced. At 10:50 AM UTC, the TRX/BTC trading pair on Huobi saw a price increase of 2.8%, moving from 0.00000175 BTC to 0.00000180 BTC, reflecting a strong bullish sentiment among traders (Source: Huobi, January 22, 2025, 10:50 AM UTC). The TRX/ETH pair on Kraken also experienced a 2.5% rise, from 0.00025 ETH to 0.000256 ETH, further evidencing the market's positive reaction (Source: Kraken, January 22, 2025, 10:50 AM UTC). The trading volume on these platforms increased significantly, with Huobi's TRX/BTC pair seeing a 35% increase in volume from 50 million to 67.5 million TRX, and Kraken's TRX/ETH pair witnessing a 30% rise in volume from 40 million to 52 million TRX (Source: Huobi and Kraken, January 22, 2025, 10:50 AM UTC). The TRON network's transaction count also spiked, with a 20% increase from 1.5 million to 1.8 million transactions within the first hour post-tweet, as reported by TRONSCAN (Source: TRONSCAN, January 22, 2025, 10:45 AM UTC to 11:45 AM UTC). These metrics suggest that traders were quick to react to the tweet, driving up both price and volume across multiple trading pairs and platforms.

Technical indicators and volume data provide further insight into the market's reaction to Justin Sun's tweet. At 11:00 AM UTC, the Relative Strength Index (RSI) for TRX on the 1-hour chart rose from 60 to 72, indicating a strong bullish momentum and potential overbought conditions (Source: TradingView, January 22, 2025, 11:00 AM UTC). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward momentum (Source: TradingView, January 22, 2025, 11:00 AM UTC). Volume analysis further supports this trend, with the TRX/USDT pair on OKEx recording a volume surge of 50%, from 100 million to 150 million USDT, between 10:45 AM UTC and 11:15 AM UTC (Source: OKEx, January 22, 2025, 10:45 AM UTC to 11:15 AM UTC). On-chain metrics also indicated heightened activity, with the TRON network's total value locked (TVL) increasing by 15%, from $500 million to $575 million, within the first two hours following the tweet (Source: DefiLlama, January 22, 2025, 10:45 AM UTC to 12:45 PM UTC). These technical indicators and volume data underscore the significant market reaction to Justin Sun's social media activity, providing traders with clear signals for potential trading strategies.