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A substantial transfer of 1 billion USDT was carried out from the Tether Treasury to the crypto exchange HTX today. Given that USDT is a widely used stablecoin in the crypto market that offers high liquidity and stability, and HTX being a global player with over 700 cryptocurrencies listed, the market pump speculation seems to have some merit. What’s more, the same day, Justin Sun, the founder of Tron and an advisor for HTX, posted a rather ambiguous post on X saying, “the two biggest exchanges in the world are about to have a TRX szn soon.” Could he be hinting that TRX is finally going to be listed on Coinbase, one of the biggest exchanges in the world, along with Binance where users can already buy, sell, convert, or stake TRX? Perhaps it will experience a significant boost on Bybit? So far, details are scarce, leaving room for speculation. And there is no shortage of guesses, as expected. Sun’s post immediately sparked theories about potential new projects or big market moves related to Tron and HTX. While it’s not 100% clear what Sun is hinting at, he was seen discussing meme coins on Tron. He pledged to personally reimburse creators and users for losses while stating he would not profit. In addition, Sun indicated that all gains would be donated to charity. Related: TRX Surges 6% as Justin Sun Declares Tron’s Meme Coin Focus, Vows No Personal Profit HTX, which you might remember as Huobi before its rebranding in the second half of 2023, is headquartered in Seychelles and now operates in over 160 countries, serving more than 50 million customers globally. The exchange offers a wide array of services, including spot trading, futures trading with up to 200x leverage, and margin trading with up to 5x. They also see over $4 billion in trading volume every day. Related: Create Your Own Meme Coin: Justin Sun’s Sunpump & HTX Make It Easy An exchange this size getting a $1 billion USDT injection can definitely have a noticeable impact on the cryptocurrency market. It’s also interesting to note that in a way, this aligns with Sun’s previous announcements regarding capital thresholds. Mainly, in February, he outlined a target to increase the capital threshold to 3 billion USDT, indicating a planned increase in capital deployment that could influence cryptocurrency market liquidity and trading activity. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

🚨💸 ALERT: 3 BILLION USDT TRANSFERRED TO HTX! 🚀 🐳 Whales are ready to make a move! 🌊 Possible Pump Incoming! 🚀 Stay alert and keep an eye on the market! 🔍 Will you ride the wave or wait for confirmation? $BTC $ETH 🤔

Tron’s native cryptocurrency, TRX, has seen a significant 6% climb today following an announcement from its founder, Justin Sun. Sun revealed plans to aggressively develop the meme coin ecosystem on the Tron blockchain, a move that has clearly resonated with the market. This news triggered a strong market reaction, with daily trading volumes soaring 64.66% to over $1.16 billion. In the last 48 hours, TRX has rebounded by 15%, bouncing off key support at $0.21. Justin Sun took to X (formerly Twitter) to share his vision, stating that the initial step in Tron’s meme coin adoption will be his commitment to not personally profit “a single cent from memes.” This declaration appears to have instilled confidence among investors. Furthermore, the crypto entrepreneur made a bold promise that any losses will be “fully covered” by Sun himself, adding that all proceeds will be donated. His commitment to meme projects without personal financial gain has strengthened investor confidence, fueling speculation of further price growth. Meanwhile, Sun confirmed that TRX, the native token of the Tron ecosystem, will soon be made available on the Solana (SOL) blockchain network and asked developers to get “ready to buy and collaborate.” Related: Justin Sun Wins Defamation Case Against Sina, Setting Crypto Misinformation Precedent Analysts are setting ambitious price targets for TRX. Popular crypto analyst Javon Marks has forecasted a massive price surge, predicting that TRX is on track to reach $1.11, a 516% increase from its current levels. Adding to the bullish outlook, social analytics platform LunarCrush reports a significant spike in community engagement on Justin Sun’s blockchain protocol. Tron now accounts for 1.05% of all crypto-related discussions, underlining the rising investor interest in TRX. TRX currently trades at $0.2344, up 6% in the last 24 hours, CoinMarketCap data shows. The digital asset reached a daily high of $0.243 and has successfully reclaimed the 20-day Exponential Moving Average (EMA) at $0.2304, which is now being retested as a support level. The Relative Strength Index (RSI) is currently at 53.09, indicating a neutral momentum. However, a move above the 60 mark could signal further strengthening of bullish momentum, while a drop below 45 might suggest a potential pullback. Related: HTX Hints at Justin Sun & Trump Crypto Ties in Cryptic Post The upper Bollinger Band resistance is at $0.2505, while support lies at $0.2135. A breakout above resistance could propel TRX toward the $0.30-$0.35 range, whereas a breakdown might test the $0.21 support level again. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$PI Can Pi Coin Price Hit $100? Pi Network price was trading at $1.1185, meaning that it needs to surge by 9,099% to get to the IOU level of $100, where it peaked in November last year. The Pi Network IOU was an asset created by HTX and other brokers after the mainnet launch took so long to happen. It had no relationship with the original Pi project. A 9,000% surge is possible in the crypto market as other tokens like Bitcoin, Cardano, and BNB have done in the past few years. Several things need to happen for the Pi Network price to hit the key resistance at $100. First, the crypto market needs to be in a strong bull market, with Bitcoin soaring to record highs. Such a move would lead to more demand for most altcoins, including Pi. Second, the Federal Reserve needs to be more dovish by cutting interest rates and ending the QT program. Such a move would lead to inflows in the crypto market. Further, several prominent exchanges like Coinbase and Upbit need to list it. Coinbase would give it access to American clients, while Upbit would expose it to South Korean customers. Other potential catalysts would be a Pi Network ETF launch, addition in strategic crypto reserves,  its ecosystem growth, and an introduction to burning. Pi burning will help to offset the ongoing dilution through token unlocks

Pi Network has been struggling with an ongoing price decline, leaving traders on high alert. The altcoin, once anticipated to break out, is now facing strong headwinds in the market. Despite some optimism about a potential rebound, many are preparing for further losses instead of gains as traders remain concerned about the 82.8 billion supply controlled by the Pi team, as CNF reported earlier. Adding to the growing uncertainty is the looming deadline for KYC verification and Mainnet Migration. Investors failing to complete the process by March 14 could see a significant portion of their balance wiped out, with only the Pi mined within the last six months remaining accessible. This pressure is driving traders to reposition themselves, anticipating possible losses. The bearish sentiment is reflected in the deeply negative funding rate in the Futures market, indicating that more traders are betting on price declines rather than gains. The overwhelming preference for short contracts over long positions suggests that many expect a price fall rather than a rally. Pi Network has lost nearly 45% of its value since peaking at almost $3 in February, now trading below $2. The altcoin remains a shadow of its former self, far from its $100 price point recorded during its IoU phase in November 2023. The steep decline raises doubts about whether the Pi Network can ever reclaim its past highs. A key concern is the Moving Average Convergence Divergence (MACD) indicator, which is showing signs of a bearish crossover, according to TradingView . This is often seen as a strong signal for further price declines, reinforcing the caution among investors. The broader market momentum does not offer much hope either. With Pi Network struggling to sustain any meaningful upward push, short-term traders are likely to capitalize on even the smallest price bumps, further pressuring the altcoin. The combination of technical weakness and skeptical investors has left Pi Network in a vulnerable position. Pi Network’s collapse from $100 to below $2 is a drastic shift that highlights the uncertainty surrounding its valuation. The $100 mark was never truly reflective of Pi Network’s real market value—it was instead a price set by Pi Network IoUs, which were traded on exchanges like BitMart and HTX as placeholders before the official mainnet launch. Many early adopters, known as pioneers, were frustrated with delays in the network’s progress , leading them to trade these IoUs rather than waiting for the real token. However, once the mainnet launched, exchanges like HTX delisted the IoU version and replaced it with the actual Pi token, which immediately saw a steep drop in price. Since then, the Pi Network has struggled to regain investor confidence. Unlike its IoU days, when speculation drove prices sky-high, the actual trading market has been far more conservative. With uncertainty still dominating the space, many believe that a return to $100 is unlikely. With the mainnet migration deadline now at hand, traders remain wary of what comes next. The possibility of a price recovery still exists, but major obstacles stand in the way. The negative funding rate, technical weakness, and cautious investor sentiment all point toward further turbulence. Unless something shifts dramatically, the Pi Network could face a prolonged period of instability. While some hold on to hope for a reversal, many traders are bracing for a rough ride ahead.