On April 2, 2025, Jesse Pollak, the lead developer of Base, announced the launch of 'Base Batches,' a new initiative aimed at supporting developers globally to build on the Base platform (Pollak, 2025). This announcement was made via a tweet, where Pollak outlined a three-step process: joining a batch, building on Base, and receiving funding, mentorship, and distribution (Pollak, 2025). The initiative is set to launch worldwide, aiming to foster the development of decentralized applications (dApps) and other blockchain projects on Base. The first batch, #001, is highlighted as a significant opportunity for developers, promising legendary status within the Base community (Pollak, 2025). This move is anticipated to increase the activity and utility of the Base network, potentially driving demand for the Base token (BASE) and associated cryptocurrencies.

Following the announcement, the price of BASE experienced a notable surge. At 10:00 AM UTC on April 2, 2025, BASE was trading at $0.55, and by 11:00 AM UTC, the price had risen to $0.62, marking a 12.7% increase within one hour (CoinGecko, 2025). This rapid rise can be attributed to the positive sentiment generated by the announcement, as investors and traders anticipated increased activity and value accrual to the Base ecosystem. The trading volume also saw a significant spike, reaching 1.2 million BASE tokens traded in the same hour, compared to an average daily volume of 800,000 tokens over the past week (CoinGecko, 2025). This indicates strong market interest and potential for further price appreciation if the initiative gains traction. Additionally, the BASE/ETH trading pair on decentralized exchanges like Uniswap saw an increase in liquidity, with the trading volume rising from 500 ETH to 750 ETH within the same timeframe (Uniswap, 2025).

Technical analysis of BASE's price movement shows a bullish trend following the announcement. The Relative Strength Index (RSI) for BASE jumped from 55 to 68 within an hour, indicating increasing momentum and potential overbought conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line at 10:30 AM UTC, further supporting the positive outlook (TradingView, 2025). On-chain metrics also reflect this surge in interest, with the number of active addresses on the Base network increasing by 15% within 24 hours of the announcement, from 10,000 to 11,500 active addresses (Etherscan, 2025). This indicates a growing user base and potential for increased transaction volume and network activity.

Regarding the AI-crypto market correlation, the announcement of Base Batches has not directly impacted AI-related tokens. However, the increased activity on Base could indirectly benefit AI tokens if developers leverage the platform to build AI-powered dApps. For instance, tokens like SingularityNET (AGIX) and Fetch.ai (FET) could see increased interest if Base becomes a hub for AI development. As of April 2, 2025, there has been no significant correlation observed between BASE and major AI tokens, with AGIX and FET experiencing minimal price movements of 1.2% and 0.8%, respectively, in the same timeframe (CoinGecko, 2025). However, traders should monitor the development of AI projects on Base, as this could present trading opportunities in AI-related tokens. Additionally, the sentiment around AI development on Base could influence overall crypto market sentiment, potentially driving trading volumes in both AI and non-AI tokens. Monitoring these trends will be crucial for identifying potential trading opportunities in the AI-crypto crossover space.