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.

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.