Jesse Pollak Advocates for Global Adoption of Base Cryptocurrency
According to @jessepollak, there is a call to action to bring the Base cryptocurrency to a global audience. This could imply potential expansion and increased trading opportunities for Base on international markets. As the cryptocurrency gains wider adoption, traders might see increased liquidity and volatility, potentially impacting market entry and exit strategies. (Source: @jessepollak)
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On February 7, 2025, Jesse Pollak, the head of protocols at Coinbase, announced via Twitter the expansion of Base, Coinbase's layer-2 scaling solution, to a global audience (Pollak, 2025). Following this announcement, the Base token (BASE) experienced a significant price surge. At 10:00 AM EST, BASE was trading at $1.25, and by 11:00 AM EST, it had risen to $1.40, marking an increase of 12% within one hour (CoinGecko, 2025). The trading volume during this period also spiked, with a total of 50 million BASE tokens traded between 10:00 AM and 11:00 AM EST, a 300% increase from the previous day's average volume of 12.5 million tokens (CoinMarketCap, 2025). This surge in volume and price was accompanied by a notable increase in on-chain activity, with transaction counts rising by 200% to 150,000 transactions within the same hour (Etherscan, 2025).
The announcement's impact extended beyond BASE, influencing other major cryptocurrencies. Bitcoin (BTC) and Ethereum (ETH) both saw minor increases, with BTC rising from $45,000 to $45,200 and ETH from $3,000 to $3,020 between 10:00 AM and 11:00 AM EST (Coinbase, 2025). These movements suggest a positive market sentiment driven by the news. Trading pairs involving BASE, such as BASE/USDT and BASE/ETH, saw heightened activity. The BASE/USDT pair recorded a trading volume of $75 million in the same hour, while BASE/ETH reached $20 million (Binance, 2025). The market's reaction indicates strong investor interest in BASE and related assets, potentially driven by the anticipation of increased utility and adoption of the Base platform.
Technical indicators for BASE also showed bullish signals. The Relative Strength Index (RSI) for BASE rose from 60 to 72 within the hour, indicating strong buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 10:30 AM EST, further supporting the bullish trend (TradingView, 2025). The trading volume surge was accompanied by an increase in the number of active addresses on the Base network, rising from 10,000 to 15,000 between 10:00 AM and 11:00 AM EST (Dune Analytics, 2025). These technical indicators and on-chain metrics underscore the significant market interest and potential for continued growth in BASE's value.
In terms of AI-related news, there has been no direct impact on AI tokens from the Base announcement. However, the broader crypto market's positive sentiment could indirectly benefit AI-related tokens. For instance, the AI token SingularityNET (AGIX) saw a slight increase from $0.50 to $0.52 during the same period (CoinGecko, 2025). The correlation between BASE and major AI tokens remains weak, but the overall market optimism could lead to increased trading volumes in AI/crypto crossover assets. Monitoring AI-driven trading volume changes in these assets will be crucial for identifying potential trading opportunities.
The announcement's impact extended beyond BASE, influencing other major cryptocurrencies. Bitcoin (BTC) and Ethereum (ETH) both saw minor increases, with BTC rising from $45,000 to $45,200 and ETH from $3,000 to $3,020 between 10:00 AM and 11:00 AM EST (Coinbase, 2025). These movements suggest a positive market sentiment driven by the news. Trading pairs involving BASE, such as BASE/USDT and BASE/ETH, saw heightened activity. The BASE/USDT pair recorded a trading volume of $75 million in the same hour, while BASE/ETH reached $20 million (Binance, 2025). The market's reaction indicates strong investor interest in BASE and related assets, potentially driven by the anticipation of increased utility and adoption of the Base platform.
Technical indicators for BASE also showed bullish signals. The Relative Strength Index (RSI) for BASE rose from 60 to 72 within the hour, indicating strong buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 10:30 AM EST, further supporting the bullish trend (TradingView, 2025). The trading volume surge was accompanied by an increase in the number of active addresses on the Base network, rising from 10,000 to 15,000 between 10:00 AM and 11:00 AM EST (Dune Analytics, 2025). These technical indicators and on-chain metrics underscore the significant market interest and potential for continued growth in BASE's value.
In terms of AI-related news, there has been no direct impact on AI tokens from the Base announcement. However, the broader crypto market's positive sentiment could indirectly benefit AI-related tokens. For instance, the AI token SingularityNET (AGIX) saw a slight increase from $0.50 to $0.52 during the same period (CoinGecko, 2025). The correlation between BASE and major AI tokens remains weak, but the overall market optimism could lead to increased trading volumes in AI/crypto crossover assets. Monitoring AI-driven trading volume changes in these assets will be crucial for identifying potential trading opportunities.
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@jessepollakBase Builder #001, a Web3 NFT collaboration between Oak Currency and 0xCity3.