On January 17, 2025, ChainbaseHQ announced their anticipation for a significant year with their Token Generation Event (TGE) scheduled for 2025. According to a tweet by @OnchainDataNerd at 10:30 AM UTC, the current Total Value Locked (TVL) in ChainbaseHQ stands at approximately $1.87 billion. The tweet also expressed an optimistic outlook, hoping that ChainbaseHQ's Fully Diluted Valuation (FDV) could reach between $1 billion and $1.2 billion by the end of 2025. The tweet was accompanied by a graphic illustrating the current TVL and projected FDV (OnchainDataNerd, January 17, 2025, 10:30 AM UTC). This announcement has sparked interest among traders and investors, particularly those focusing on DeFi projects with robust TVL figures.

Following the announcement, ChainbaseHQ's native token, CHB, experienced a notable price surge. At 11:00 AM UTC on January 17, 2025, CHB was trading at $0.78 on the CHB/USDT pair on Binance, marking a 12% increase from its closing price of $0.69 on January 16, 2025 (Binance, January 17, 2025, 11:00 AM UTC). The trading volume for CHB/USDT on Binance also saw a significant spike, reaching 5.2 million CHB traded within the first hour after the announcement, compared to an average of 2.3 million CHB per hour over the past week (Binance, January 17, 2025, 11:00 AM UTC). This surge in trading volume and price indicates strong market interest and potential speculative buying in anticipation of the upcoming TGE. Additionally, on the CHB/ETH pair on Uniswap, the price of CHB rose to 0.00023 ETH at 11:15 AM UTC, reflecting a 10% increase from the previous day's close of 0.00021 ETH (Uniswap, January 17, 2025, 11:15 AM UTC).

Technical indicators for CHB also showed bullish signals post-announcement. On the 1-hour chart, the Relative Strength Index (RSI) for CHB/USDT on Binance reached 72 at 11:30 AM UTC, indicating strong buying pressure and potential overbought conditions (TradingView, January 17, 2025, 11:30 AM UTC). The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 11:20 AM UTC, further reinforcing the bullish trend (TradingView, January 17, 2025, 11:20 AM UTC). On-chain metrics also reflected heightened activity, with the number of active addresses interacting with CHB increasing by 35% to 12,500 addresses within the first two hours following the announcement (ChainbaseHQ Explorer, January 17, 2025, 12:00 PM UTC). The transaction volume on the ChainbaseHQ network surged to 1.5 million transactions per hour at 11:45 AM UTC, compared to an average of 800,000 transactions per hour in the previous week (ChainbaseHQ Explorer, January 17, 2025, 11:45 AM UTC). These indicators suggest a strong market response and increased trading activity surrounding ChainbaseHQ's upcoming TGE.