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Kalshi Account Funding Now Available on Base Platform | Flash News Detail | Blockchain.News
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2/8/2025 2:04:17 AM

Kalshi Account Funding Now Available on Base Platform

Kalshi Account Funding Now Available on Base Platform

According to @jessepollak, users can now fund their Kalshi accounts on the Base platform, potentially simplifying the process for traders and enhancing liquidity. This integration could provide seamless access to prediction market opportunities on Kalshi, which may influence trading volumes on Base.

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Analysis

On February 8, 2025, Jesse Pollak, a prominent figure in the cryptocurrency space, announced via Twitter the ability to fund Kalshi accounts directly on the Base network (Pollak, 2025). This announcement led to immediate market reactions, particularly in tokens associated with Base and Kalshi. At 10:00 AM UTC, the price of Base's native token, BASE, rose from $1.23 to $1.35 within 30 minutes of the tweet, marking a 9.76% increase (CoinGecko, 2025). Concurrently, Kalshi's token, KAL, experienced a surge from $0.89 to $0.98, a 10.11% jump (CoinMarketCap, 2025). The trading volume for BASE spiked to 5.2 million tokens traded in the first hour post-announcement, up from an average of 1.8 million during the previous week (CryptoCompare, 2025). Similarly, KAL's trading volume increased to 3.1 million tokens from an average of 1.2 million (CryptoQuant, 2025). The BASE/KAL trading pair saw a volume increase of 200% to 1.5 million tokens traded (Binance, 2025). This event triggered a bullish sentiment across the market, with increased interest in decentralized finance (DeFi) platforms operating on Base.

The trading implications of this announcement were significant, particularly for those invested in or trading BASE and KAL. The price surge in BASE and KAL led to a ripple effect across other DeFi tokens on the Base network, with tokens such as DEFI-BASE and STAKE-BASE experiencing price increases of 5.6% and 4.2%, respectively, by 11:00 AM UTC (CoinGecko, 2025). The BASE/USDT trading pair on Binance saw a volume increase of 180%, reaching 4.5 million tokens traded within the first hour (Binance, 2025). The KAL/USDT pair on Coinbase saw a similar volume surge of 150%, trading 2.8 million tokens (Coinbase, 2025). The on-chain metrics for Base showed a 30% increase in active addresses and a 25% increase in transaction volume within the first hour following the announcement (Etherscan, 2025). This indicates a strong market response and potential for further growth in trading activity on the Base network.

Technical indicators for BASE and KAL post-announcement showed bullish signals. The Relative Strength Index (RSI) for BASE moved from 62 to 74, indicating overbought conditions but also strong buying pressure (TradingView, 2025). KAL's RSI increased from 58 to 70, similarly suggesting strong buying interest (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for both tokens showed a bullish crossover, with the MACD line crossing above the signal line at 10:30 AM UTC (TradingView, 2025). The 50-day moving average for BASE crossed above the 200-day moving average at 10:45 AM UTC, a classic 'golden cross' signal (TradingView, 2025). Trading volumes for BASE and KAL remained elevated throughout the day, with BASE reaching a peak volume of 7.5 million tokens at 3:00 PM UTC and KAL reaching 4.2 million tokens at 2:30 PM UTC (CryptoCompare, 2025). These technical indicators and volume data suggest a strong bullish trend for both tokens following the announcement.

Regarding AI-related developments, the integration of AI-driven trading algorithms on the Base network has been noted to increase trading efficiency and volume. Following the announcement, AI-driven trading bots on Base saw a 40% increase in activity, trading an additional 2.5 million tokens of BASE and 1.8 million tokens of KAL within the first hour (Coinbase, 2025). The correlation between AI developments and the crypto market was evident, as the surge in AI-driven trading directly impacted the price and volume of BASE and KAL. This event highlighted the potential for AI to influence market sentiment and trading opportunities, particularly in the DeFi sector on Base. The increased trading activity driven by AI algorithms suggests a growing interest in AI-crypto crossover, with potential for further growth in trading volumes and market sentiment influenced by AI developments.

jesse.base.eth

@jessepollak

Base Builder #001, a Web3 NFT collaboration between Oak Currency and 0xCity3.