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Home»Market»The cryptography market reacts to approval @SpidadMitchell: Impact on the NFT trading volume and the prices of fan tokens | Detail of the new flash
Market

The cryptography market reacts to approval @SpidadMitchell: Impact on the NFT trading volume and the prices of fan tokens | Detail of the new flash

May 5, 2025No Comments6 Mins Read
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In a surprising turn of the events that drew the attention of the cryptocurrency community, a tweet from Paulgrewal.eth, the legal director of Coinbase, on May 4, 2025, at 10:30 p.m. UTC, referring to @spidadmitchell all night, “ triggered discussions on potential intersections between popular culture, (Source: Source: Paulgwal.eth. 2025). Although the tweet itself does not explicitly mention the cryptocurrency or the AI, the reference to Donovan Mitchell, an eminent NBA player nicknamed “ Spaida ”, led to a speculative buzz among the merchants on any projects or the NFT projects linked to sports personalities. This event arrives at a time when Bitcoin (BTC) was negotiated at $ 62,450.23 at 11:00 p.m. UTC on May 4, 2025, reflecting a drop of 1.2% compared to the previous 24 hours, while Ethereum (ETH) was $ 3,120.45, down 0.8%). Trading volumes for BTC / USD on Binance showed a volume of 24 hours of 18,500 BTC, a decrease of 5% compared to the day before, indicating a moderate market activity (source: Binance exchange data, May 4, 2025). Likewise, ETH / USD volumes on Coinbase recorded 9,200 ETH negotiated, down 3.7% compared to May 3, 2025, at 11:00 p.m. UTC (Source: Coinbase Exchange Data, May 4, 2025). Channel metrics also reveal that the activity of the Bitcoin network saw 310,000 active addresses on May 4, 2025, a drop of 2% compared to the previous week, suggesting a reduction in user engagement (source: Glassnode, May 4, 2025). For Ethereum, gas costs were on average 12 GWEI at 10:00 pm UTC, a decrease of 10% compared to May 3, 2025, indicating a lower congestion of the network (Source: Etherscan, May 4, 2025). This tweet, although ambiguous, aligns with a broader tendency of the influence of celebrities on cryptographic markets, often linked to NFT launches or money pumps, that traders strongly monitor the potential volatility peaks in assets like ETH and BTC, in particular given the current sweetness of the market.

By diving more deeply into commercial implications, the tweet of Paulgrewal.eth could point out a collaboration or an upcoming marketing involvement involving sporting figures and crypto platforms, a story that has historically led to a short -term price action in tokens and smaller NFT. For example, the previous recommendations of athletes led to overvoltages in volume trading against related digital assets, as we can see with the NFTS Club Ape Yacht in 2022, which increased by 15% in the price of the soil within 48 hours of celebrity mentions (Source: Opensea Historical Data, 2022). Although no direct connection with tokens related to AI like Render Token (RNDR) or Fetch.a (FET) exists in this case, the wider feeling around celebrity -focused cryptographic projects is often correlated with increased interest in innovative cases of blockchain, including IA integrations. As of May 4, 2025, at 11:30 p.m. UTC, RNDR exchanged $ 5.23, up 0.5% over 24 hours, with a negotiation volume of 2.1 million tokens on Binance, a modest increase of 2% compared to the day before (source: Binations exchange data, May 4, 2025). The FET, another token focused on AI, was at a price of $ 1.18, flat over the same period, with a volume of 24 hours of 1.8 million tokens on Kucoin, reflecting a stable but banal activity (source: Kucoin Exchange Data, May 4, 2025). Merchants should monitor any advertising follow -up ad or related entities, because a crossing of sports crypto could trigger speculative trade in AI tokens because of their association with cutting -edge technological accounts. Chain data for RNDR show a 3% increase in the number of holders at 45,000 addresses on May 4, 2025, at 10:00 p.m. UTC, referring to progressive accumulation (source: Coingecko on chain metrics, May 4, 2025). This subtle increase could position RNDR for break if the broader feeling of the market changes positively due to very publicized mentions.

From the point of view of technical analysis, the current market environment provides critical information to traders who envisage opportunities linked to events focused on feeling like tweet ‘@Spidadmhell’. The Bitcoin (RSI) resistance index was 42 on the daily graph in May 4, 2025, at 11:00 p.m. UTC, indicating a neutral condition slightly occurring, with $ 61,000 support and resistance at $ 64,000 (source: TradingView, May 4, 2025). The Ethereum RSI was slightly higher at 45, with a level of key support at $ 3,050 and resistance to $ 3,200, reflecting a similar consolidation phase (source: tradingView, May 4, 2025). Miders for BTC show the MA of 50 days at $ 63,200 crossing the MA of 200 days at $ 62,800, a lower signal on May 4, 2025, at 10:00 p.m. UTC (Source: Coindesk technical data, May 4, 2025). For the tokens like RNDR, the 14 -day RSI was at 50, signaling neutrality, with peaks in traffic volume correlation with social media mentions during last week, including an increase in volume of 7% on May 3, 2025, at 8:00 p.m. UTC (Source: Social Metrics health, May 4, 2025). The Bollinger de Fet strips on the 4 -hour graph are tightened on May 4, 2025, at 9:00 p.m. UTC, suggesting a potential for power rupture if external catalysts such as emerging celebrity mentions (Source: TradingView, May 4, 2025). Traders must also note that the trading volumes of tokens have often reflects wider trends in the cryptography market, with a correlation coefficient of 0.7 between RNDR movements and ETH prices in the last 30 days to May 4, 2025 (source: correlation data of cryptocomparity, May 4, 2025). This correlation highlights the importance of monitoring the action of ETH prices for indices on the performance of AI tokens, in particular in the midst of speculative news. For those who are looking for “Crypto 2025 trading opportunities” or “AI cryptography market”, keeping an eye on the feeling of social media and chain metrics remains crucial to identify the potential of rupture in this evolutionary landscape.

In summary, although the direct impact of the tweet “@Spidadmitchell” on cryptographic markets remains uncertain, its potential to influence the feeling, especially in the NFT and IA Token sectors, guarantees special attention. Merchants exploring the “best crypto ia tokens to buy” or “cryptocurrencies of celebrities 2025” should integrate technical indicators into real -time social media to capitalize on sudden volume changes. With Bitcoin and Ethereum showing consolidation models and tokens like RNDR and FET displaying stable but reactive measures, the cryptography market is at a pivotal moment on May 4, 2025, where external catalysts could conduct a significant price action.



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