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Base Protocol's FAI Market Cap Surges Over $30 Million in a Short Period, with a 122% 24-hour Growth

2 hours ago

**March 3rd** Per GMGN monitoring (link: https://gmgn.ai/base/token/i_m4TE56o8_0xb33ff54b9f7242ef1593d2c9bcd8f9df46c77935), Base’s longtime ecosystem token FAI surged sharply this morning—jumping from ~$11 million to $38 million, hitting a short-term peak. It has since pulled back to roughly $26 million, with a 122% 24-hour gain and $8.7 million in trading volume. The rally may tie to comments from well-known analyst Algod (@AlgodTrading on Twitter). In a post, he revealed he took a large position in a rival to $VVV, targeting a $1 billion+ market cap for the project. Algod didn’t name the token outright, but community members are guessing he’s referring to FAI, based on disclosed data. FAI is the native token of Freysa AI, deployed on Base. Last year, it saw a massive jump (peaking at $660 million) after Elon Musk retweeted related content. The token has been live for 460 days. **BlockBeats Note** On-chain token trading is extremely volatile, heavily swayed by market sentiment and speculative trends, and often lacks tangible value or utility. Investors should be wary of the risks involved.
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Viewpoint: Bitcoin is currently making its fifth attempt to break above the downtrend line, and it remains to be seen whether it can hold above.

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Hyperliquid sees largest ETH long go long on BTC, total position now worth $277 million

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DWF Labs Partner: Increased Holdings in February for Shitcoins, Bitcoin, and BNB, Awaiting Market Rebound

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