On April 19, 2025, Jesse Pollak, a prominent figure in the Ethereum community, tweeted a bold statement urging individuals to 'Stop using banks' and included a link to further information. This tweet, posted at 10:30 AM UTC, immediately sparked discussions across cryptocurrency forums and social media platforms. The sentiment behind the tweet aligns with the growing trend of decentralized finance (DeFi) and the push towards financial self-sovereignty. The tweet from @jessepollak was retweeted 5,632 times and liked 12,400 times within the first 24 hours, indicating significant engagement and interest in the message (Twitter Analytics, April 20, 2025). This event caused an immediate reaction in the crypto market, particularly affecting Ethereum and related DeFi tokens.

Following the tweet, Ethereum's price surged by 3.5% from $3,200 to $3,312 within the first hour, peaking at 11:30 AM UTC on April 19, 2025. The trading volume for Ethereum on major exchanges like Binance and Coinbase increased by 22%, reaching a total of $12.8 billion traded in that same hour (CoinMarketCap, April 19, 2025). This surge was mirrored in other DeFi tokens such as Aave, which saw a 5% increase from $100 to $105, and Compound, which rose by 4.2% from $80 to $83.36. The trading volume for these tokens also saw significant spikes, with Aave's volume increasing by 18% to $1.3 billion and Compound's by 15% to $900 million in the same period (CoinGecko, April 19, 2025). The market's reaction suggests a strong correlation between public statements from influential figures in the crypto space and immediate market movements.

Technical analysis of Ethereum's price chart on April 19, 2025, showed the RSI (Relative Strength Index) rising from 55 to 68 within the first hour after the tweet, indicating increased buying pressure (TradingView, April 19, 2025). The MACD (Moving Average Convergence Divergence) also showed a bullish crossover at 11:00 AM UTC, further confirming the positive momentum. On-chain metrics revealed that the number of active Ethereum addresses increased by 10% to 700,000 within the first two hours post-tweet, reflecting heightened network activity (Etherscan, April 19, 2025). The trading volumes for ETH/BTC and ETH/USDT pairs on Binance saw a 25% and 20% increase respectively, indicating strong demand across different trading pairs (Binance, April 19, 2025). This data underscores the significant impact of influential statements on cryptocurrency markets and highlights the potential for rapid price and volume movements based on public sentiment.

What was the immediate impact of Jesse Pollak's tweet on Ethereum's price? Jesse Pollak's tweet on April 19, 2025, led to an immediate 3.5% surge in Ethereum's price from $3,200 to $3,312 within the first hour, reflecting the market's sensitivity to influential statements. How did the trading volumes of DeFi tokens like Aave and Compound respond to the tweet? Following the tweet, Aave's trading volume increased by 18% to $1.3 billion, while Compound's volume rose by 15% to $900 million within the first hour, showcasing a strong market response. What technical indicators supported the bullish trend in Ethereum following the tweet? The RSI rose from 55 to 68, and the MACD showed a bullish crossover, indicating increased buying pressure and positive momentum in Ethereum's price movement after the tweet.