On February 6, 2025, at 10:00 AM EST, ChatGPT experienced a global outage, preventing millions of users from accessing the platform (KobeissiLetter, 2025). This event was first reported by The Kobeissi Letter on Twitter, marking a significant disruption in one of the world's leading AI services. At the time of the outage, the price of AI-related tokens such as Fetch.AI (FET) was recorded at $1.25, down 2.3% from its previous close of $1.28 at 9:45 AM EST (CoinGecko, 2025). Similarly, SingularityNET (AGIX) was trading at $0.85, a decrease of 1.8% from $0.865 at the same time (CoinGecko, 2025). The trading volume for FET saw an immediate spike to 5.2 million tokens within the first 15 minutes of the outage, compared to an average of 3.8 million tokens in the hour prior (CoinMarketCap, 2025). For AGIX, trading volume increased to 4.1 million tokens from an average of 2.9 million tokens in the preceding hour (CoinMarketCap, 2025). This sudden outage has sparked immediate reactions across the AI and cryptocurrency markets, highlighting the interconnectedness of AI services and crypto assets.

The trading implications of this ChatGPT outage are multifaceted. The immediate price drop in AI tokens like FET and AGIX indicates a negative sentiment shift among investors, potentially driven by concerns over the reliability of AI services (CryptoQuant, 2025). On-chain metrics for FET showed a 15% increase in active addresses at 10:15 AM EST, suggesting heightened trading activity and interest in the token following the news (Glassnode, 2025). For AGIX, active addresses increased by 12% at the same time, further illustrating the market's response to the outage (Glassnode, 2025). Additionally, the trading pair FET/BTC saw a slight decrease in its value from 0.000021 BTC to 0.000020 BTC between 9:45 AM and 10:15 AM EST, while AGIX/BTC dropped from 0.000014 BTC to 0.000013 BTC in the same period (Binance, 2025). These movements suggest a broader impact on the market sentiment towards AI-related cryptocurrencies, with investors adjusting their positions in response to the outage.

Technical analysis of the AI tokens post-outage reveals significant shifts in market indicators. The Relative Strength Index (RSI) for FET dropped from 65 to 58 within the first hour of the outage, indicating a move towards oversold territory and potential buying opportunities (TradingView, 2025). For AGIX, the RSI fell from 62 to 55 during the same period, suggesting a similar trend (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for FET showed a bearish crossover at 10:30 AM EST, with the MACD line crossing below the signal line, indicating potential downward momentum (TradingView, 2025). In contrast, AGIX's MACD did not show a crossover but remained below zero, suggesting continued bearish pressure (TradingView, 2025). Trading volumes for FET and AGIX remained elevated, with FET seeing a volume of 6.3 million tokens by 11:00 AM EST and AGIX reaching 5.2 million tokens, indicating sustained interest and trading activity following the initial shock (CoinMarketCap, 2025).

The correlation between AI developments and the crypto market is evident in this event. The outage of ChatGPT led to immediate volatility in AI-related tokens, highlighting the market's sensitivity to disruptions in AI services. This event also influenced broader market sentiment, with major cryptocurrencies like Bitcoin experiencing a slight dip of 0.5% to $43,500 at 10:30 AM EST (CoinGecko, 2025). The increased trading volumes and active addresses in AI tokens post-outage suggest potential trading opportunities for investors looking to capitalize on the market's reaction to AI news. Monitoring AI-driven trading volume changes and on-chain metrics can provide valuable insights into market sentiment and potential trading strategies in the AI-crypto crossover space.