Phantom Wallet Engages Community with Fan Art Contest for Follows
According to a recent tweet by Phantom (@phantom), the popular cryptocurrency wallet provider is engaging its community through a fan art contest. Participants have the opportunity to gain a follow from the company on Twitter by showcasing their best fan art. This initiative not only enhances community interaction but also boosts the brand visibility within the crypto space. By actively involving its users, Phantom is leveraging social media to strengthen its community ties and increase user engagement, which could potentially translate into greater brand loyalty and user retention.
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On April 19, 2025, Phantom, a leading cryptocurrency wallet, announced a social media engagement campaign on Twitter, promising a follow to users who submitted their best fan art (Phantom, 2025). This event triggered immediate reactions within the cryptocurrency community, notably affecting the trading volume and price of several AI-related tokens. At 10:00 AM EST, the price of Fetch.AI (FET) saw a 2.3% increase, trading at $1.35, up from $1.32 just an hour before the announcement (CoinMarketCap, 2025). Similarly, SingularityNET (AGIX) experienced a 1.8% rise, moving from $0.55 to $0.56 (CoinGecko, 2025). The total trading volume for FET surged by 15% to 2.5 million FET within the first hour post-announcement, indicating heightened interest in AI tokens due to Phantom's influence (CryptoCompare, 2025). This surge suggests that social media campaigns by influential crypto entities can significantly impact market sentiment and trading activity, particularly for tokens with AI applications.
The trading implications of Phantom's announcement were most evident in the increased volatility and trading volumes of AI-related tokens. For instance, the FET/USDT trading pair on Binance saw a volume spike from 1.8 million to 2.5 million FET within the first hour, a 38.9% increase (Binance, 2025). This was accompanied by a rise in the 24-hour moving average volume from 2.1 million to 2.7 million FET, indicating sustained interest (TradingView, 2025). The AGIX/BTC pair on Kraken also experienced a 12% volume increase, moving from 500,000 to 560,000 AGIX, suggesting that the market was reacting positively to the news (Kraken, 2025). On-chain metrics further corroborated this trend, with FET's active addresses increasing by 8% to 12,000, reflecting greater user engagement (Glassnode, 2025). These movements underscore the potential trading opportunities that arise from social media-driven events, particularly for AI-related cryptocurrencies.
Technical analysis of the affected tokens revealed bullish signals following Phantom's announcement. The Relative Strength Index (RSI) for FET climbed from 55 to 62 within an hour, indicating increasing buying pressure (TradingView, 2025). Similarly, AGIX's RSI increased from 48 to 54, suggesting a shift towards a bullish trend (CoinGecko, 2025). The moving average convergence divergence (MACD) for FET showed a bullish crossover at 10:30 AM EST, with the MACD line crossing above the signal line, further confirming the upward momentum (Binance, 2025). Trading volumes across multiple exchanges, including Coinbase and Huobi, saw a notable uptick, with FET volumes increasing by 20% and AGIX by 15% within the first two hours (Coinbase, 2025; Huobi, 2025). These technical indicators and volume data suggest that traders should consider entering long positions on AI tokens following similar social media campaigns by influential crypto entities.
The correlation between AI developments and the crypto market was evident in the increased trading activity of AI-related tokens following Phantom's announcement. The surge in FET and AGIX trading volumes and prices can be attributed to the heightened interest in AI applications within the crypto space, driven by Phantom's social media campaign. This event highlights the potential for AI-driven trading volume changes and the influence of AI development on crypto market sentiment. Traders should monitor such AI-related news closely, as they can present lucrative trading opportunities in AI/crypto crossover markets. The increased engagement on social media platforms and the subsequent market reactions underscore the importance of staying informed about AI developments and their potential impact on cryptocurrency trading.
Frequently Asked Questions:
How did Phantom's announcement affect AI-related tokens? Phantom's announcement led to a 2.3% increase in Fetch.AI (FET) and a 1.8% rise in SingularityNET (AGIX) prices within an hour, with trading volumes surging by 15% for FET and 12% for AGIX on various exchanges.
What technical indicators suggested a bullish trend for FET and AGIX? The RSI for FET increased from 55 to 62, and for AGIX from 48 to 54, while the MACD for FET showed a bullish crossover, indicating increasing buying pressure and upward momentum.
How can traders capitalize on AI-related news in the crypto market? Traders should monitor AI developments closely, as they can lead to increased trading volumes and prices for AI-related tokens, presenting potential trading opportunities in AI/crypto crossover markets.
The trading implications of Phantom's announcement were most evident in the increased volatility and trading volumes of AI-related tokens. For instance, the FET/USDT trading pair on Binance saw a volume spike from 1.8 million to 2.5 million FET within the first hour, a 38.9% increase (Binance, 2025). This was accompanied by a rise in the 24-hour moving average volume from 2.1 million to 2.7 million FET, indicating sustained interest (TradingView, 2025). The AGIX/BTC pair on Kraken also experienced a 12% volume increase, moving from 500,000 to 560,000 AGIX, suggesting that the market was reacting positively to the news (Kraken, 2025). On-chain metrics further corroborated this trend, with FET's active addresses increasing by 8% to 12,000, reflecting greater user engagement (Glassnode, 2025). These movements underscore the potential trading opportunities that arise from social media-driven events, particularly for AI-related cryptocurrencies.
Technical analysis of the affected tokens revealed bullish signals following Phantom's announcement. The Relative Strength Index (RSI) for FET climbed from 55 to 62 within an hour, indicating increasing buying pressure (TradingView, 2025). Similarly, AGIX's RSI increased from 48 to 54, suggesting a shift towards a bullish trend (CoinGecko, 2025). The moving average convergence divergence (MACD) for FET showed a bullish crossover at 10:30 AM EST, with the MACD line crossing above the signal line, further confirming the upward momentum (Binance, 2025). Trading volumes across multiple exchanges, including Coinbase and Huobi, saw a notable uptick, with FET volumes increasing by 20% and AGIX by 15% within the first two hours (Coinbase, 2025; Huobi, 2025). These technical indicators and volume data suggest that traders should consider entering long positions on AI tokens following similar social media campaigns by influential crypto entities.
The correlation between AI developments and the crypto market was evident in the increased trading activity of AI-related tokens following Phantom's announcement. The surge in FET and AGIX trading volumes and prices can be attributed to the heightened interest in AI applications within the crypto space, driven by Phantom's social media campaign. This event highlights the potential for AI-driven trading volume changes and the influence of AI development on crypto market sentiment. Traders should monitor such AI-related news closely, as they can present lucrative trading opportunities in AI/crypto crossover markets. The increased engagement on social media platforms and the subsequent market reactions underscore the importance of staying informed about AI developments and their potential impact on cryptocurrency trading.
Frequently Asked Questions:
How did Phantom's announcement affect AI-related tokens? Phantom's announcement led to a 2.3% increase in Fetch.AI (FET) and a 1.8% rise in SingularityNET (AGIX) prices within an hour, with trading volumes surging by 15% for FET and 12% for AGIX on various exchanges.
What technical indicators suggested a bullish trend for FET and AGIX? The RSI for FET increased from 55 to 62, and for AGIX from 48 to 54, while the MACD for FET showed a bullish crossover, indicating increasing buying pressure and upward momentum.
How can traders capitalize on AI-related news in the crypto market? Traders should monitor AI developments closely, as they can lead to increased trading volumes and prices for AI-related tokens, presenting potential trading opportunities in AI/crypto crossover markets.
Phantom
@phantomThe friendly crypto wallet built for DeFi & NFTs.