The cryptocurrency market has recently been stirred by a tweet from Sun Yuchen. At 10 AM (UTC) on June 8, 2025, the founder of TRON posted a mysterious message on Twitter – "Just do it," instantly igniting a bullish atmosphere in the TRX community. Although the tweet did not reveal specific details about cooperation or technical updates, historical data shows that similar statements from Sun Yuchen often lead to increased trading volume and short-term price rises for TRX.
After the release of this tweet, the market reacted swiftly. According to CoinMarketCap data, TRX's price rose from $0.115 to $0.121, an increase of 5.7%, within 4 hours of the tweet's release, with trading volume surging by 38% to $450 million. This significant price volatility and increase in trading volume undoubtedly indicate strong interest from both retail and institutional investors in TRX. Meanwhile, Bitcoin (BTC) also rose by 2.3% to $69,500 at 11 AM (UTC) on June 8, showing a spillover effect across markets.
From a technical perspective, TRX successfully broke through the 50-day moving average of $0.113 at 9 AM (UTC) on June 8, indicating strong bullish momentum. Additionally, on-chain data shows that the TRON network's daily transaction volume has increased by 15% to 6.2 million transactions, further confirming the active market status. The S&P 500 index closed up 0.8% at 5,450 points on June 7, indicating an increased risk appetite among institutional investors, which indirectly boosted the overall rise in the crypto market.
Traders are closely watching the price trends of TRX and considering social media buzz as a prior signal for market momentum. The current market sentiment provides trading opportunities for momentum strategies and short-term traders. However, traders should also be wary of the overbought risk indicated by the RSI, which has reached 72 on the 4-hour chart, suggesting that the market may be experiencing some overbought pressure.
For the future trend of TRX, traders may consider establishing long positions on TRX, targeting a resistance level of $0.125. At the same time, it is important to monitor TRX's support level of $0.118 and BTC's resistance level of $70,000 to formulate a reasonable trading strategy.
Sun Yuchen's "Just do it" tweet has undoubtedly injected new vitality into the TRON (TRX) market. In the context of significant inflows of institutional funds into the crypto market, the short-term upside potential of TRX is worth anticipating. However, traders should remain cautious and closely monitor market dynamics and technical indicators to respond to potential market fluctuations.
