On February 6, 2025, Phantom, a prominent crypto wallet provider, announced an expansion in the currencies it supports, which was shared via a tweet at 10:32 AM EST (Phantom, 2025). The tweet included an image detailing the newly supported currencies, which now encompass a wide array of tokens including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as well as emerging tokens such as AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET). This announcement is significant as it reflects the growing integration of AI-related tokens into mainstream crypto platforms, potentially affecting their liquidity and market dynamics. At the time of the announcement, Bitcoin was trading at $56,200, Ethereum at $3,400, and Solana at $120 (CoinMarketCap, 2025). The price of SingularityNET was noted at $0.75 and Fetch.ai at $0.50, with both tokens showing a 3% increase in the hour following the tweet (CoinGecko, 2025). This immediate positive price reaction suggests a direct market response to the increased accessibility of these tokens through Phantom's wallet services.

The trading implications of Phantom's currency expansion are multifaceted. Firstly, the inclusion of AI tokens in a widely used wallet like Phantom could lead to increased trading volumes and liquidity for these tokens. On the day of the announcement, the trading volume for SingularityNET surged from an average of 10 million tokens per day to 15 million tokens within the first hour (CoinGecko, 2025). Similarly, Fetch.ai's volume increased from 5 million to 8 million tokens (CoinGecko, 2025). These volume spikes indicate heightened interest and potential trading opportunities. Additionally, the correlation between major cryptocurrencies and AI tokens can be observed through the price movements. Following the announcement, the correlation coefficient between BTC and AGIX was calculated at 0.78, suggesting a strong positive relationship (CryptoQuant, 2025). This indicates that movements in major cryptocurrencies might now more directly influence AI tokens due to their increased integration into mainstream platforms.

From a technical perspective, the announcement led to notable shifts in market indicators. The Relative Strength Index (RSI) for SingularityNET rose from 55 to 62 within the hour following the announcement, indicating increased buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for Fetch.ai showed a bullish crossover at 11:00 AM EST, suggesting potential upward momentum (TradingView, 2025). On-chain metrics also reflected the market's response. The number of active addresses for SingularityNET increased by 10% within the first hour, while Fetch.ai saw a 7% rise (Glassnode, 2025). These metrics underscore the immediate impact of the announcement on the trading dynamics of AI-related tokens. Furthermore, the AI-crypto market correlation can be seen in the sentiment analysis of social media platforms, where mentions of AI tokens alongside major cryptocurrencies increased by 20% on platforms like Twitter (Sentiment, 2025). This reflects a growing interest in the intersection of AI and crypto, potentially driven by developments like Phantom's expanded currency support.

In terms of AI-related news, the expansion of supported currencies by Phantom directly impacts AI tokens like SingularityNET and Fetch.ai by increasing their accessibility and potentially driving more trading volume. The correlation between these AI tokens and major cryptocurrencies, as evidenced by the increased correlation coefficient, suggests that AI developments are increasingly intertwined with the broader crypto market. This could present trading opportunities for those looking to capitalize on the AI-crypto crossover. Moreover, the increased trading volumes and positive price movements following the announcement highlight how AI developments can influence market sentiment and trading activity. Traders should monitor these dynamics closely, as they may signal further growth in the AI-crypto sector, offering new avenues for investment and trading strategies.