On March 28, 2025, Milk Road announced the launch of gMilk, a new cryptocurrency aimed at integrating AI-driven dairy supply chain management. The announcement tweet by Milk Road (@MilkRoadDaily) at 10:00 AM UTC on March 28, 2025, led to immediate market reactions. The price of gMilk opened at $0.10 and surged to $0.15 within the first hour of trading, as reported by CoinGecko at 11:00 AM UTC on the same day (CoinGecko, 2025). Trading volumes for gMilk reached 5 million tokens within the first two hours, reflecting significant interest from traders (CoinMarketCap, 2025, 12:00 PM UTC). Concurrently, the announcement had a ripple effect on other AI-related tokens, with SingularityNET (AGIX) experiencing a 3% increase in price from $0.80 to $0.824 between 10:00 AM and 11:00 AM UTC (Coinbase, 2025). This initial market event showcases the direct impact of AI-driven projects on the crypto market, setting the stage for further analysis of trading implications and market dynamics.

The trading implications of the gMilk launch are multifaceted. The rapid price increase from $0.10 to $0.15 within the first hour indicates strong initial demand and potential speculative interest in the project (CoinGecko, 2025, 11:00 AM UTC). The trading volume of 5 million tokens within two hours further underscores the market's enthusiasm (CoinMarketCap, 2025, 12:00 PM UTC). This surge in volume and price suggests that traders are betting on the integration of AI in supply chain management as a viable use case for blockchain technology. Additionally, the 3% rise in SingularityNET (AGIX) price from $0.80 to $0.824 within the same timeframe indicates a positive correlation between gMilk and other AI-focused cryptocurrencies (Coinbase, 2025, 11:00 AM UTC). This correlation could present trading opportunities for those looking to capitalize on the broader AI-crypto market sentiment.

Technical indicators for gMilk show a bullish trend following the announcement. The Relative Strength Index (RSI) for gMilk was recorded at 72 at 11:30 AM UTC on March 28, 2025, indicating overbought conditions but also strong momentum (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 11:45 AM UTC, further supporting the upward trend (TradingView, 2025). On-chain metrics reveal that the number of active addresses for gMilk increased by 20% from 10,000 to 12,000 between 10:00 AM and 12:00 PM UTC, suggesting growing interest and adoption (Etherscan, 2025). The trading volume for gMilk against other major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) also saw significant increases, with gMilk/BTC trading volume rising by 15% and gMilk/ETH by 10% within the first three hours of trading (Binance, 2025, 1:00 PM UTC). These technical and on-chain indicators provide a comprehensive view of the market's response to the gMilk launch.

The correlation between AI developments and the crypto market is evident in the gMilk case. The announcement of gMilk, an AI-driven project, not only impacted its own price and trading volume but also influenced other AI-related tokens like SingularityNET (AGIX). This correlation suggests that traders should monitor AI news closely for potential trading opportunities in AI-focused cryptocurrencies. The increase in trading volume for gMilk against major cryptocurrencies like BTC and ETH further highlights the market's interest in AI-crypto crossover projects. As AI continues to influence various sectors, its impact on the crypto market sentiment and trading volumes is likely to grow, providing traders with new avenues for investment and speculation.