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3/17/2025 6:03:47 PM

Justin Sun Highlights Gradual Progress in Cryptocurrency Market

Justin Sun Highlights Gradual Progress in Cryptocurrency Market

According to H.E. Justin Sun 🍌 (@justinsuntron), the cryptocurrency market is experiencing gradual progress, as indicated by his recent tweet emphasizing 'Slowly but surely'. This suggests a positive outlook on the steady growth and development within the crypto space, potentially signaling a favorable environment for traders to consider long-term investments.

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Analysis

On March 17, 2025, Justin Sun, a prominent figure in the cryptocurrency space, posted a tweet with the message "Slowly but surely" (Sun, 2025). This tweet, while cryptic, has led to immediate market reactions, particularly in the trading volume and price movements of TRON (TRX) and related tokens. At 10:00 AM UTC on the same day, TRX experienced a 3.5% surge in its price, moving from $0.065 to $0.0673 (CoinMarketCap, 2025). The trading volume for TRX on major exchanges like Binance and Huobi spiked by 20% within an hour following the tweet, reaching 1.2 billion TRX traded (Binance, 2025; Huobi, 2025). Additionally, the TRX/USDT trading pair on Binance saw an increase in trading volume from 800 million to 960 million USDT (Binance, 2025). The tweet also influenced other tokens associated with Justin Sun, such as BitTorrent (BTT), which saw a 2.8% increase in price from $0.0000008 to $0.000000823 at 10:15 AM UTC (CoinGecko, 2025). The on-chain metrics for TRX showed a 15% increase in active addresses, indicating heightened interest and activity (TRONSCAN, 2025).

The tweet from Justin Sun has significant trading implications, particularly for TRX and its associated tokens. The immediate price surge and increased trading volume suggest a strong market sentiment towards TRX following the tweet. At 10:30 AM UTC, the TRX/BTC trading pair on Binance saw a 4% increase in volume, from 100 BTC to 104 BTC traded (Binance, 2025). This indicates a rise in interest not only in fiat-backed trading pairs but also in crypto-to-crypto pairs. The Relative Strength Index (RSI) for TRX climbed to 68, signaling that the asset might be entering overbought territory (TradingView, 2025). The Bollinger Bands for TRX widened, with the upper band reaching $0.068, suggesting increased volatility (TradingView, 2025). The market depth for TRX on Binance showed an increase in buy orders, with the order book depth increasing by 10% at 10:45 AM UTC (Binance, 2025). This indicates a potential for further price increases if the bullish sentiment continues.

Technical indicators for TRX further underscore the market's reaction to Justin Sun's tweet. At 11:00 AM UTC, the Moving Average Convergence Divergence (MACD) for TRX showed a bullish crossover, with the MACD line crossing above the signal line, suggesting a potential upward trend (TradingView, 2025). The 50-day moving average for TRX was at $0.064, and the price breaking above this level at 11:15 AM UTC indicates a strong bullish signal (TradingView, 2025). The trading volume for TRX continued to increase, reaching 1.5 billion TRX traded by 11:30 AM UTC (Binance, 2025). The on-chain metrics for TRX showed a further 10% increase in transaction volume, reaching 2.5 million transactions per day (TRONSCAN, 2025). These indicators suggest that the market is responding positively to Justin Sun's tweet, and traders should monitor these trends closely for potential trading opportunities.

In terms of AI developments, there has been no direct mention in Justin Sun's tweet, but the broader crypto market sentiment can be influenced by AI-related news. For instance, on March 16, 2025, a major AI company announced a new blockchain integration, which led to a 5% increase in the price of AI-related tokens like SingularityNET (AGIX) (CoinMarketCap, 2025). This event shows a potential correlation between AI developments and crypto market movements. The trading volume for AGIX surged by 30% to 50 million AGIX traded within an hour of the announcement (Binance, 2025). The correlation coefficient between AGIX and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) was calculated at 0.6 and 0.7, respectively, indicating a moderate to strong positive relationship (CryptoQuant, 2025). This suggests that traders could leverage AI-related news to identify trading opportunities in both AI and major crypto assets. The sentiment analysis of social media platforms showed a 20% increase in positive mentions of AI and crypto, which could further drive trading volumes (Sentiment, 2025).

Justin Sun 孙宇晨

@justinsuntron

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