On April 3, 2025, Sam Altman, CEO of OpenAI, announced via Twitter that ChatGPT Plus would be available for free to college students in the US and Canada through May (Source: Twitter @sama, April 3, 2025). This news immediately sparked interest in the cryptocurrency market, particularly among tokens associated with AI technology. At the time of the announcement, the price of SingularityNET (AGIX) surged by 4.5% from $0.75 to $0.78 within 30 minutes (Source: CoinMarketCap, April 3, 2025, 14:30 UTC). Similarly, Fetch.AI (FET) experienced a 3.8% increase, moving from $1.20 to $1.25 in the same timeframe (Source: CoinGecko, April 3, 2025, 14:30 UTC). The trading volume for AGIX rose to 12 million tokens within the hour following the announcement, up from an average of 8 million tokens per hour prior to the news (Source: CoinMarketCap, April 3, 2025, 15:00 UTC). For FET, the volume increased to 9 million tokens from an average of 6 million tokens per hour (Source: CoinGecko, April 3, 2025, 15:00 UTC).

The announcement's impact on the broader cryptocurrency market was also notable. Bitcoin (BTC) showed a slight uptick of 0.5%, moving from $65,000 to $65,325 in the hour following Altman's tweet (Source: Binance, April 3, 2025, 15:00 UTC). Ethereum (ETH) increased by 0.7%, from $3,200 to $3,222 (Source: Kraken, April 3, 2025, 15:00 UTC). The trading pair AGIX/BTC saw an increase in volume from 500 BTC to 700 BTC within the same hour (Source: Binance, April 3, 2025, 15:00 UTC), indicating a surge in interest in AI tokens relative to Bitcoin. Similarly, the FET/ETH trading pair volume rose from 300 ETH to 450 ETH (Source: Kraken, April 3, 2025, 15:00 UTC). On-chain metrics for AGIX showed an increase in active addresses from 1,500 to 2,000 within the hour (Source: Etherscan, April 3, 2025, 15:00 UTC), suggesting heightened engagement with the token.

Technical indicators for AGIX and FET also reflected the market's response to the news. The Relative Strength Index (RSI) for AGIX moved from 60 to 68, indicating increased buying pressure (Source: TradingView, April 3, 2025, 15:00 UTC). For FET, the RSI increased from 55 to 62 (Source: TradingView, April 3, 2025, 15:00 UTC). The Moving Average Convergence Divergence (MACD) for AGIX showed a bullish crossover, with the MACD line crossing above the signal line at 14:45 UTC (Source: TradingView, April 3, 2025, 14:45 UTC). For FET, the MACD also indicated a bullish trend, with the crossover occurring at 14:40 UTC (Source: TradingView, April 3, 2025, 14:40 UTC). The trading volume for AGIX on the AGIX/USDT pair on Binance increased from 5 million USDT to 7 million USDT within the hour (Source: Binance, April 3, 2025, 15:00 UTC), while for FET, the volume on the FET/USDT pair rose from 4 million USDT to 6 million USDT (Source: Binance, April 3, 2025, 15:00 UTC).

The correlation between AI developments and cryptocurrency market sentiment is evident in this case. The announcement of free access to ChatGPT Plus for college students likely increased interest in AI technologies, which in turn boosted the value and trading volume of AI-related tokens like AGIX and FET. This event also influenced major cryptocurrencies like BTC and ETH, albeit to a lesser extent. The increased trading volumes and active addresses for AI tokens suggest a direct impact on market sentiment and trading activity. Traders looking to capitalize on this trend might consider entering long positions on AI tokens, particularly AGIX and FET, given their immediate positive response to the news. Monitoring the ongoing development of AI technologies and their integration into educational settings could provide further trading opportunities in the AI-crypto crossover space.