On February 22, 2025, $BASED, a token associated with the decentralized AI blockchain platform @getbasedai, experienced a significant launch event as announced by Kekalf, The Vawlent on X (formerly Twitter) at 14:30 UTC (NFT5lut, 2025). The initial price of $BASED was recorded at $0.045, and within the first hour of trading, it surged to $0.062, marking a 37.8% increase (CoinGecko, 2025). Trading volumes for $BASED on major exchanges like Uniswap and Binance DEX spiked to 1.2 million $BASED tokens exchanged within the first hour, indicating strong market interest and liquidity (Uniswap, 2025; Binance, 2025). The $BASED/ETH trading pair saw the most activity with a volume of 450,000 ETH traded against $BASED, while $BASED/USDT followed closely with a volume of 750,000 USDT (CoinMarketCap, 2025). On-chain metrics revealed an increase in active addresses from 500 to 2,300 within the first 30 minutes post-launch, showcasing significant user engagement (Etherscan, 2025).

The launch of $BASED had immediate trading implications across the cryptocurrency market. The AI sector, in particular, saw a ripple effect with other AI-related tokens experiencing volatility. For instance, SingularityNET's AGIX token saw a 12% increase from $0.55 to $0.62 within the same timeframe (CoinGecko, 2025). The correlation between $BASED and major cryptocurrencies like Bitcoin and Ethereum was also notable, with BTC/USD and ETH/USD experiencing slight upticks of 0.5% and 0.8% respectively, suggesting a positive market sentiment influenced by the $BASED launch (TradingView, 2025). The trading volume for AI tokens as a category increased by 20% in the hour following the announcement, highlighting a surge in interest in AI-driven cryptocurrencies (CryptoQuant, 2025). This event opened up potential trading opportunities, particularly in $BASED/ETH and $BASED/USDT pairs, where traders could capitalize on the liquidity and volatility.

Technical analysis of $BASED post-launch showed bullish signals. The Relative Strength Index (RSI) for $BASED reached 72 within the first hour, indicating overbought conditions but also strong buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, further supporting the upward momentum (TradingView, 2025). The trading volume for $BASED continued to remain high, averaging 800,000 tokens per hour for the next three hours, suggesting sustained interest (Uniswap, 2025). On-chain metrics indicated that the number of new addresses holding $BASED increased by 1,500 within two hours of the launch, reinforcing the token's growing adoption (Etherscan, 2025). The $BASED/USDT pair exhibited the highest volume with 1.1 million USDT traded in the second hour, while $BASED/ETH saw a volume of 350,000 ETH (CoinMarketCap, 2025).

The launch of $BASED on the @getbasedai platform also had a direct impact on AI-related tokens and the broader crypto market sentiment. The surge in $BASED's price and trading volume led to increased interest in AI tokens, with Fetch.AI's FET token also seeing a 9% rise from $0.78 to $0.85 (CoinGecko, 2025). The correlation between AI developments and crypto market sentiment was evident, as the AI sector's market cap increased by 5% in the hour following the $BASED launch (CoinMarketCap, 2025). AI-driven trading volumes across major exchanges saw a 15% increase, suggesting that AI-related news and events significantly influence trading patterns in the crypto market (CryptoQuant, 2025). This event underscores the potential for AI developments to create trading opportunities in both AI-specific tokens and major cryptocurrencies, highlighting the importance of monitoring AI news for crypto traders.