On March 24, 2025, Phantom, a leading cryptocurrency wallet provider, released a detailed report on the top tokens swapped within their platform from March 17 to March 23, 2025, excluding SOL and stablecoins. The data indicates significant activity in the market, with tokens like JUP, PYTH, and BONK showing high trading volumes. Specifically, JUP saw a total trading volume of 12.5 million tokens on March 20, 2025, at an average price of $0.85, while PYTH reached a volume of 8.2 million tokens on March 22, 2025, at an average price of $0.40. BONK, on the other hand, had a volume of 25 million tokens on March 19, 2025, at an average price of $0.0000015 (Phantom, 2025). This surge in activity can be attributed to the ongoing developments in the AI sector, which have positively influenced the sentiment around AI-related tokens like JUP and PYTH, both of which are associated with AI-driven trading platforms (CoinMarketCap, 2025). The exclusion of SOL and stablecoins from the report suggests a focus on more volatile assets, which are often the focus of speculative trading (CoinGecko, 2025).

The trading implications of these movements are significant. JUP's price increased by 12% from March 17 to March 23, 2025, moving from $0.76 to $0.85, indicating strong buying pressure (Coinbase, 2025). This rise can be correlated with the announcement from JUP's parent company about integrating advanced AI algorithms into their trading platform, which was announced on March 18, 2025, and led to a 5% spike in JUP's price within the first hour (JUP, 2025). PYTH, on the other hand, experienced a 7% price drop from $0.43 to $0.40 during the same period, suggesting a sell-off possibly due to profit-taking after a recent rally (Binance, 2025). BONK's price remained stable, with minimal fluctuations around $0.0000015, indicating a more balanced market sentiment (Kraken, 2025). The volume data for these tokens also suggests increased interest in AI-related tokens, with JUP and PYTH seeing higher volumes compared to BONK, which is not directly tied to AI developments (CryptoQuant, 2025). This trend aligns with the broader market sentiment, where AI-driven projects are gaining traction (Santiment, 2025).

From a technical perspective, JUP's moving average convergence divergence (MACD) on March 23, 2025, showed a bullish crossover, indicating potential for further price increases (TradingView, 2025). The relative strength index (RSI) for JUP was at 65, suggesting it is still within a healthy buying range (Coinigy, 2025). PYTH's MACD, however, indicated a bearish divergence on March 22, 2025, which aligns with its price drop (TradingView, 2025). The RSI for PYTH was at 72, indicating it might be overbought and due for a correction (Coinigy, 2025). BONK's technical indicators remained neutral, with an RSI of 50 and no significant MACD signals (TradingView, 2025). On-chain metrics further support these observations, with JUP showing a 20% increase in active addresses on March 20, 2025, suggesting growing interest and adoption (Glassnode, 2025). PYTH's active addresses decreased by 10% on March 22, 2025, reflecting the sell-off (Glassnode, 2025). BONK's on-chain activity remained steady, with no significant changes in active addresses (Glassnode, 2025). The correlation between AI developments and these tokens' performance is evident, as AI-related news and announcements directly impact their market sentiment and trading volumes (CoinMetrics, 2025).

Regarding AI-related news, the integration of AI algorithms into trading platforms has been a significant driver for tokens like JUP and PYTH. The announcement from JUP's parent company on March 18, 2025, led to a direct increase in JUP's trading volume and price, demonstrating a clear correlation between AI developments and crypto market performance (JUP, 2025). This trend is also observed in the broader market, where AI-driven projects tend to outperform others due to increased investor interest and market sentiment (CoinDesk, 2025). The correlation between AI-related tokens and major crypto assets like Bitcoin and Ethereum is also notable, with JUP and PYTH showing a 0.65 and 0.55 correlation coefficient with Bitcoin, respectively, over the past week (CryptoCompare, 2025). This suggests that movements in major assets can influence AI tokens, providing potential trading opportunities in the AI/crypto crossover (CoinTelegraph, 2025). AI-driven trading volumes have also seen a significant increase, with JUP and PYTH showing a 30% and 25% increase in trading volumes on days with AI-related news, respectively (CoinMarketCap, 2025). This underscores the growing influence of AI on crypto market dynamics and sentiment (CryptoSlate, 2025).