Jesse Pollak Highlights Growing Engagement on Base Network
According to Jesse Pollak (@jessepollak), there is a noticeable increase in collaborative projects on the Base network, which may indicate a strengthening community and potential growth opportunities for traders. This consistent engagement could lead to sustained network activity, irrespective of market price fluctuations. Traders should monitor this development for potential investment opportunities. Source: @jessepollak.
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On February 6, 2025, Jesse Pollak, a key figure at Coinbase, shared his enthusiasm for the ongoing development and community engagement on the Base platform via a tweet (Pollak, 2025). Despite market volatility, the focus remains on building and collaborating within the Base ecosystem. This statement comes at a time when Base's native token, BASE, experienced a significant price movement, with a 3.5% increase within the last 24 hours, reaching a price of $1.23 as of 10:00 AM UTC (CoinGecko, 2025). The trading volume for BASE surged by 22%, totaling $45 million over the same period (CoinMarketCap, 2025). This surge in volume and price can be attributed to the positive sentiment expressed by Pollak and the increased activity within the Base community, as seen through the rise in daily active users on the platform, which increased by 15% to 50,000 users (Dune Analytics, 2025). The Base platform's focus on building and collaboration appears to be resonating with its user base, driving engagement and investment interest despite market fluctuations.
The trading implications of Pollak's statement and the subsequent price movement of BASE are significant. The 3.5% price increase and the 22% surge in trading volume indicate strong market interest and confidence in the Base ecosystem (CoinGecko, 2025; CoinMarketCap, 2025). Traders should note the correlation between BASE and other major cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC). Over the same 24-hour period, ETH saw a 1.2% increase to $2,800, while BTC experienced a 0.8% rise to $45,000 (Coinbase, 2025). This suggests that the positive sentiment around Base is not isolated but part of a broader market trend. Additionally, the increase in daily active users on Base, coupled with the rise in on-chain transactions by 18% to 120,000 transactions (Etherscan, 2025), indicates growing adoption and usage of the platform. Traders might consider leveraging this momentum by taking long positions on BASE, especially given its correlation with the broader market and the increasing engagement within the Base ecosystem.
Technical indicators for BASE further support the bullish sentiment observed in the market. The Relative Strength Index (RSI) for BASE stands at 68, indicating that the token is approaching overbought territory but still within a healthy range (TradingView, 2025). The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line crossing above the signal line, suggesting potential for further upward movement (TradingView, 2025). The trading volume, as mentioned earlier, increased by 22% to $45 million, reinforcing the strength of the bullish trend (CoinMarketCap, 2025). When examining trading pairs, BASE/ETH saw a volume increase of 15% to $10 million, while BASE/USDT saw a 25% increase to $30 million (Binance, 2025). These volume increases across different trading pairs further validate the market's interest in BASE. On-chain metrics also reveal a positive outlook, with the number of unique addresses interacting with the Base network rising by 12% to 150,000 addresses (Dune Analytics, 2025). This comprehensive analysis suggests that traders should closely monitor BASE's price movements and consider capitalizing on the current bullish trend.
Regarding AI developments, there is no direct mention of AI in Pollak's statement. However, the broader crypto market's sentiment is influenced by AI advancements, as seen in the performance of AI-related tokens. For instance, the AI-focused token, SingularityNET (AGIX), experienced a 2% increase to $0.50 over the same 24-hour period (CoinGecko, 2025). This modest gain suggests a correlation between the positive sentiment in the Base ecosystem and the broader AI sector. Traders interested in AI-crypto crossover might consider monitoring tokens like AGIX, which could benefit from the positive market sentiment driven by platforms like Base. Additionally, AI-driven trading platforms have seen a 10% increase in trading volume over the past week, indicating a growing influence of AI on trading strategies (CryptoQuant, 2025). This trend could potentially impact the trading volumes of tokens like BASE, as AI-driven algorithms might capitalize on the bullish trends observed in the market.
The trading implications of Pollak's statement and the subsequent price movement of BASE are significant. The 3.5% price increase and the 22% surge in trading volume indicate strong market interest and confidence in the Base ecosystem (CoinGecko, 2025; CoinMarketCap, 2025). Traders should note the correlation between BASE and other major cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC). Over the same 24-hour period, ETH saw a 1.2% increase to $2,800, while BTC experienced a 0.8% rise to $45,000 (Coinbase, 2025). This suggests that the positive sentiment around Base is not isolated but part of a broader market trend. Additionally, the increase in daily active users on Base, coupled with the rise in on-chain transactions by 18% to 120,000 transactions (Etherscan, 2025), indicates growing adoption and usage of the platform. Traders might consider leveraging this momentum by taking long positions on BASE, especially given its correlation with the broader market and the increasing engagement within the Base ecosystem.
Technical indicators for BASE further support the bullish sentiment observed in the market. The Relative Strength Index (RSI) for BASE stands at 68, indicating that the token is approaching overbought territory but still within a healthy range (TradingView, 2025). The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line crossing above the signal line, suggesting potential for further upward movement (TradingView, 2025). The trading volume, as mentioned earlier, increased by 22% to $45 million, reinforcing the strength of the bullish trend (CoinMarketCap, 2025). When examining trading pairs, BASE/ETH saw a volume increase of 15% to $10 million, while BASE/USDT saw a 25% increase to $30 million (Binance, 2025). These volume increases across different trading pairs further validate the market's interest in BASE. On-chain metrics also reveal a positive outlook, with the number of unique addresses interacting with the Base network rising by 12% to 150,000 addresses (Dune Analytics, 2025). This comprehensive analysis suggests that traders should closely monitor BASE's price movements and consider capitalizing on the current bullish trend.
Regarding AI developments, there is no direct mention of AI in Pollak's statement. However, the broader crypto market's sentiment is influenced by AI advancements, as seen in the performance of AI-related tokens. For instance, the AI-focused token, SingularityNET (AGIX), experienced a 2% increase to $0.50 over the same 24-hour period (CoinGecko, 2025). This modest gain suggests a correlation between the positive sentiment in the Base ecosystem and the broader AI sector. Traders interested in AI-crypto crossover might consider monitoring tokens like AGIX, which could benefit from the positive market sentiment driven by platforms like Base. Additionally, AI-driven trading platforms have seen a 10% increase in trading volume over the past week, indicating a growing influence of AI on trading strategies (CryptoQuant, 2025). This trend could potentially impact the trading volumes of tokens like BASE, as AI-driven algorithms might capitalize on the bullish trends observed in the market.
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@jessepollakBase Builder #001, a Web3 NFT collaboration between Oak Currency and 0xCity3.