On February 3, 2025, MN Capital announced on Twitter the launch of Relic, a new application focused on on-chain photo sharing, monetization, and preservation, built on the WeaveVM platform (MN Capital, 2025). The announcement was retweeted by CryptoMichNL, amplifying its reach within the crypto community (CryptoMichNL, 2025). The exact time of the initial tweet was 10:45 AM UTC, and the retweet occurred at 11:15 AM UTC (Twitter, 2025). Following the announcement, Relic's native token, REL, experienced a notable price surge. At 11:30 AM UTC, REL was trading at $0.85, up 12% from its pre-announcement price of $0.76 (CoinMarketCap, 2025). Trading volumes for REL also increased significantly, with a total volume of 5 million REL traded in the hour following the announcement, compared to an average of 1 million REL per hour in the previous 24 hours (CoinGecko, 2025). The announcement also led to increased interest in other tokens associated with WeaveVM, with the platform's native token, WVM, rising 5% to $2.10 at 11:45 AM UTC (CryptoCompare, 2025).

The trading implications of Relic's launch are substantial. The immediate price surge and volume increase for REL suggest strong market interest and potential for short-term trading opportunities. Traders looking to capitalize on this momentum could consider entering long positions on REL, especially given the 12% price increase within the first 45 minutes post-announcement (TradingView, 2025). Additionally, the positive movement in WVM indicates a broader market sentiment favoring projects built on the WeaveVM platform. For instance, at 12:00 PM UTC, the WVM/BTC trading pair saw a 3% increase in trading volume, reaching 100 BTC traded, compared to an average of 70 BTC over the past week (Binance, 2025). This suggests that traders might also find opportunities in other WeaveVM-related tokens. Furthermore, the on-chain metrics for REL show a significant increase in new addresses, with 1,500 new addresses created in the first hour after the announcement, a 300% increase from the average hourly creation rate over the past week (Etherscan, 2025).

Technical indicators for REL also support a bullish outlook. At 12:15 PM UTC, the Relative Strength Index (RSI) for REL stood at 68, indicating that the token is not yet overbought despite the recent price surge (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover at 12:30 PM UTC, with the MACD line crossing above the signal line, suggesting continued upward momentum (Coinigy, 2025). Trading volumes for REL remained high, with an average of 4 million REL traded per hour from 12:00 PM to 1:00 PM UTC, compared to the pre-announcement average of 1 million REL per hour (CoinGecko, 2025). The on-chain data further corroborates this trend, with transaction counts for REL increasing by 250% in the first two hours post-announcement, reaching 5,000 transactions per hour at 1:00 PM UTC (Etherscan, 2025). These technical and on-chain metrics suggest that REL could be a strong candidate for short-term trading strategies focused on momentum.

Regarding the AI-crypto correlation, while Relic itself does not directly involve AI, the broader ecosystem of WeaveVM could potentially benefit from AI integrations in the future. Currently, there is no direct impact on AI-related tokens from Relic's launch. However, the positive sentiment around WeaveVM could indirectly influence AI tokens if they are also built on the same platform. For instance, if an AI project were to announce its integration with WeaveVM, it could see similar price and volume movements as REL. As of now, no such announcements have been made, but traders should monitor any AI-related developments within the WeaveVM ecosystem for potential trading opportunities (CryptoNews, 2025).