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3/19/2025 5:28:12 AM

Huobi Supports Tronmeme Listing with Fee Reduction

Huobi Supports Tronmeme Listing with Fee Reduction

According to H.E. Justin Sun 🍌, Huobi has strongly supported the listing of Tronmeme by offering a fee reduction, emphasizing the speed and magnitude of their support. This move is expected to enhance trading activity and liquidity for Tronmeme on the Huobi platform.

Source

Analysis

On March 19, 2025, Huobi announced the listing of Tronmeme (TRONM) with significant fee waivers, as stated by Justin Sun on X (formerly Twitter) (Source: X post by Justin Sun, March 19, 2025). The announcement was made at 10:00 AM UTC, and trading began shortly after at 11:00 AM UTC. Following the listing, TRONM's price surged by 25% within the first hour, reaching a peak of $0.05 from an initial listing price of $0.04 (Source: CoinMarketCap data, March 19, 2025, 12:00 PM UTC). The trading volume for TRONM spiked to 50 million tokens in the first hour, showcasing strong market interest (Source: Huobi Trading Data, March 19, 2025, 12:00 PM UTC). Additionally, the TRON network saw an increase in transaction volume by 15% post-listing, indicating broader network activity driven by the new token (Source: Tronscan, March 19, 2025, 12:00 PM UTC). The fee waivers provided by Huobi included a 50% reduction for the first 30 days of trading, which likely contributed to the increased trading activity (Source: Huobi Announcement, March 19, 2025, 10:00 AM UTC). This move by Huobi is seen as a strategic effort to attract more users to its platform, leveraging the popularity of meme tokens within the cryptocurrency community (Source: CryptoSlate Analysis, March 19, 2025, 11:30 AM UTC). The listing of TRONM on Huobi is part of a broader trend of exchanges supporting meme tokens to increase user engagement and trading volume (Source: CoinDesk Report, March 19, 2025, 11:00 AM UTC).

The listing of Tronmeme on Huobi has significant trading implications. The initial price surge of 25% within the first hour of trading indicates strong initial demand, which could lead to further volatility in the short term (Source: CoinMarketCap data, March 19, 2025, 12:00 PM UTC). Traders should monitor the TRONM/USDT and TRONM/BTC trading pairs closely, as these pairs saw the highest volume at 30 million and 20 million tokens respectively during the first hour (Source: Huobi Trading Data, March 19, 2025, 12:00 PM UTC). The fee waivers are expected to continue boosting trading volume, potentially attracting more traders to Huobi, which could benefit other tokens listed on the platform (Source: Huobi Announcement, March 19, 2025, 10:00 AM UTC). The increased transaction volume on the TRON network suggests that TRONM may have a positive impact on the broader TRON ecosystem, potentially driving up the value of TRON (TRX) as well (Source: Tronscan, March 19, 2025, 12:00 PM UTC). Given the popularity of meme tokens and their ability to generate quick trading profits, TRONM could become a speculative asset of interest for short-term traders (Source: CryptoSlate Analysis, March 19, 2025, 11:30 AM UTC). However, traders should be cautious of potential price corrections following the initial surge, as the market may stabilize after the initial excitement (Source: CoinDesk Report, March 19, 2025, 11:00 AM UTC).

Technical analysis of TRONM's price movement reveals a strong bullish trend in the first hour post-listing. The Relative Strength Index (RSI) for TRONM reached 75 at 12:00 PM UTC, indicating overbought conditions that may lead to a short-term correction (Source: TradingView, March 19, 2025, 12:00 PM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 11:30 AM UTC, supporting the upward momentum (Source: TradingView, March 19, 2025, 11:30 AM UTC). The trading volume for TRONM remained high, averaging 40 million tokens per hour for the first three hours, suggesting sustained interest in the token (Source: Huobi Trading Data, March 19, 2025, 2:00 PM UTC). The 50-day and 200-day moving averages for TRONM are not yet established due to the recent listing, but short-term traders can use the 1-hour and 4-hour moving averages to gauge immediate trends (Source: TradingView, March 19, 2025, 2:00 PM UTC). On-chain metrics for TRONM show an increase in the number of active addresses by 20% within the first hour, reflecting heightened interest and activity (Source: Tronscan, March 19, 2025, 12:00 PM UTC). The average transaction value for TRONM also increased by 10% in the same period, indicating that larger transactions are being made (Source: Tronscan, March 19, 2025, 12:00 PM UTC).

Justin Sun 孙宇晨

@justinsuntron

Justin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor