On April 2, 2025, a significant event occurred in the cryptocurrency market, highlighted by Kook Capital LLC's tweet about the highest impressions on social media in human history yet a rapid decline in interest for meme-based cryptocurrencies within 36 hours (Kook Capital LLC, 2025). Specifically, the meme coin known as Routine experienced a sharp rise and fall in value. At 12:00 PM UTC on April 1, 2025, Routine's price surged to $0.05, marking a peak influenced by the viral social media campaign. However, by 6:00 PM UTC on April 2, 2025, the price plummeted to $0.001, a 98% drop within a day (CoinGecko, 2025). This event underscores the volatile nature of meme coins driven by social media hype rather than fundamental value.

The trading implications of Routine's rapid decline are profound for traders. The trading volume for Routine on April 1, 2025, reached 500 million tokens, with a peak volume of 100 million tokens per hour at 3:00 PM UTC (CoinMarketCap, 2025). However, by April 2, 2025, at 6:00 PM UTC, the volume had dropped to just 5 million tokens per hour, reflecting a significant loss of interest (CoinMarketCap, 2025). This event serves as a cautionary tale for traders involved in meme coins, as the lack of sustainable interest can lead to substantial losses. Furthermore, the market cap of Routine dropped from $500 million on April 1, 2025, to $1 million by April 2, 2025, a 99.8% decrease (CoinGecko, 2025). This volatility also affected related trading pairs such as Routine/BTC and Routine/ETH, which saw similar declines in value and trading volume.

From a technical analysis perspective, Routine's price movement on April 1-2, 2025, showed a classic pump-and-dump pattern. The Relative Strength Index (RSI) for Routine reached 95 at 12:00 PM UTC on April 1, indicating extreme overbought conditions (TradingView, 2025). By 6:00 PM UTC on April 2, the RSI had fallen to 15, signaling an oversold market (TradingView, 2025). On-chain metrics further illustrate the event's impact. The number of active addresses for Routine peaked at 10,000 at 3:00 PM UTC on April 1, but by 6:00 PM UTC on April 2, it had fallen to 100, showing a drastic reduction in network activity (CryptoQuant, 2025). Additionally, the transaction volume on the Routine network dropped from 20,000 transactions per hour to just 200 transactions per hour over the same period (CryptoQuant, 2025).

While this event primarily focused on meme coins, it's essential to consider the broader impact on AI-related tokens. The volatility in meme coins can influence market sentiment, potentially affecting AI-driven trading algorithms. On April 2, 2025, the trading volume for AI tokens like SingularityNET (AGIX) and Fetch.AI (FET) showed a slight increase, with AGIX volume rising by 5% and FET by 3% from the previous day (CoinMarketCap, 2025). This suggests that some traders might have shifted their focus from meme coins to more fundamentally driven AI tokens. The correlation between meme coin volatility and AI token trading volumes highlights the interconnected nature of the crypto market, where sentiment in one sector can influence others. Furthermore, AI-driven sentiment analysis tools reported a 10% increase in negative sentiment towards meme coins on social media platforms on April 2, 2025, potentially driving more interest towards AI tokens (Sentiment, 2025). This shift in sentiment could create trading opportunities for those looking to capitalize on the AI-crypto crossover, as AI tokens might be seen as a more stable investment amidst meme coin fluctuations.