Crypto Surges After Justin Sun’s SpaceX Visit
On May 21, 2025, Justin Sun visited the SpaceX facility in Texas. Shortly after, he tweeted a digitally generated image with Elon Musk. His caption, “Shall we send a banana to the sun together?” went viral.
The tweet caused TRX’s price to jump by 2.3% within 60 minutes. TRX moved from $0.115 to $0.117 in a short window. On Binance alone, over 12 million TRX tokens were traded. This marked a 15% increase in trading volume compared to the previous day.DOGE also reacted. It rose 1.5% and touched $0.135. Trading volumes on Coinbase rose by 10% on the same day. Many attributed this spike to Musk’s presence in the tweet.
Ripple Effect Across Markets and Investor Sentiment
TronScan reported an 8% surge in active wallets after the tweet. This indicates retail investors acted fast. Many interpreted Sun’s tweet as a hint at a future collaboration with Elon Musk.Market watchers noted the tweet came during tech sector turbulence. Tesla stock had fallen 1.8% the previous day. Analysts believe this led many traders to shift into crypto assets.
Technical indicators supported the bullish momentum. TRX’s RSI on the hourly chart stood at 58. This suggested more room for upward movement before the asset became overbought.DOGE, closely linked with Musk’s online presence, also benefited from speculative optimism. Traders viewed the tweet as a revival of meme coin relevance.
The crypto community responded with mixed emotions. Some praised the marketing genius, while others criticized the speculative triggers. Regardless, the market moved fast and confirmed the impact of social media on crypto prices. This event underscores the evolving relationship between online influence and decentralized finance. In a landscape driven by sentiment and real-time reaction, tweets from high-profile figures like Justin Sun and Elon Musk can trigger immediate capital flows. As crypto adoption grows, understanding these social triggers becomes vital for traders, investors, and analysts aiming to navigate increasingly sentiment-sensitive markets.
The post Justin Sun’s SpaceX Visit and Viral Tweet Ignite TRX and DOGE Market Surge appeared first on Coinfomania.
