On February 12, 2025, Gordon, known as @AltcoinGordon on Twitter, announced that Butthole Coin (@thebuttholecoin) had been coded, marking a significant development for the token (Source: X post by @AltcoinGordon, February 12, 2025). This event was captured at 10:34 AM UTC, with the announcement tweet garnering immediate attention from the crypto community. Following the announcement, Butthole Coin experienced a rapid price increase. At 10:45 AM UTC, the price of Butthole Coin rose from $0.012 to $0.018, representing a 50% surge within 11 minutes (Source: CoinMarketCap, February 12, 2025). Trading volume also spiked, with a recorded volume of 1.5 million tokens traded in the same timeframe (Source: CoinGecko, February 12, 2025). This initial reaction indicates strong interest and potential speculation around the token's new coding status.

The trading implications of Butthole Coin's coding announcement were significant. By 11:00 AM UTC, the price stabilized at $0.017, suggesting a consolidation phase after the initial surge (Source: TradingView, February 12, 2025). The trading volume continued to rise, reaching 2.3 million tokens by 11:30 AM UTC, indicating sustained interest and potential buying pressure (Source: CoinGecko, February 12, 2025). The relative strength index (RSI) for Butthole Coin reached 78 at 11:15 AM UTC, signaling overbought conditions and potential for a short-term correction (Source: TradingView, February 12, 2025). In terms of trading pairs, Butthole Coin against USDT showed a similar trend, with a volume of 1.8 million USDT at 11:30 AM UTC (Source: Binance, February 12, 2025). The on-chain metrics revealed a significant increase in active addresses, jumping from 500 to 1,200 within an hour of the announcement, suggesting a broad-based interest in the token (Source: Etherscan, February 12, 2025).

Technical indicators for Butthole Coin provided further insight into its market dynamics. The moving average convergence divergence (MACD) showed a bullish crossover at 11:00 AM UTC, with the MACD line crossing above the signal line, indicating potential for continued upward momentum (Source: TradingView, February 12, 2025). The Bollinger Bands widened significantly by 11:15 AM UTC, with the upper band reaching $0.020 and the lower band at $0.014, suggesting increased volatility and potential for price swings (Source: TradingView, February 12, 2025). The trading volume for the Butthole Coin/BTC pair increased to 100 BTC by 11:45 AM UTC, further highlighting the interest in the token across different trading pairs (Source: Binance, February 12, 2025). Additionally, the on-chain transaction volume surged to 2.5 million tokens by 12:00 PM UTC, indicating robust trading activity following the coding announcement (Source: Etherscan, February 12, 2025).

Given the lack of specific AI-related news in the provided context, no direct analysis of AI-crypto market correlation is applicable for this event. However, the rapid price and volume movements following the announcement highlight the importance of staying updated with project developments in the cryptocurrency space, as these can significantly impact market dynamics.