On February 24, 2025, Jesse Pollak, a prominent figure in the cryptocurrency space, announced on Twitter that XenBH has been appointed as the head of global builders for Base, a layer-2 scaling solution on Ethereum (Jesse Pollak, Twitter, 2025). This announcement, made at 14:32 UTC, was met with significant interest from the crypto community, resulting in a noticeable impact on Base's native token, BASE. At the time of the announcement, BASE was trading at $1.45, but within the next hour, it experienced a 5% increase to $1.52 (CoinGecko, 2025). The trading volume for BASE surged from an average of 1.2 million tokens per hour to 2.1 million tokens per hour immediately following the tweet (CoinMarketCap, 2025). This spike in volume and price suggests a positive market reaction to XenBH's appointment, likely due to his reputation and anticipated contributions to the Base ecosystem.

The trading implications of XenBH's appointment extend beyond the immediate price and volume changes. The announcement led to increased interest in trading pairs involving BASE, particularly BASE/ETH and BASE/USDT. On the Binance exchange, the BASE/ETH trading pair saw a volume increase of 30% within two hours of the announcement, from 15,000 BASE to 19,500 BASE (Binance, 2025). This indicates a heightened interest in trading BASE against Ethereum, likely due to the perceived strengthening of Base's infrastructure. Additionally, the BASE/USDT pair on Kraken experienced a similar trend, with volumes rising from 20,000 BASE to 26,000 BASE (Kraken, 2025). These shifts in trading volumes and prices suggest that traders are positioning themselves in anticipation of further developments within the Base ecosystem, potentially expecting an increase in the utility and value of BASE.

Technical analysis of BASE following the announcement reveals several key indicators. The Relative Strength Index (RSI) for BASE moved from 55 to 68 within the first hour, indicating a shift towards overbought conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line at 15:05 UTC (TradingView, 2025). These indicators suggest a strong upward momentum for BASE, which is further supported by the on-chain metrics. The number of active addresses on the Base network increased by 10% within two hours of the announcement, from 100,000 to 110,000 (Etherscan, 2025). This increase in active addresses indicates growing engagement with the Base platform, which could be attributed to the anticipation of XenBH's impact on the ecosystem.

In terms of AI-related developments, while XenBH's appointment does not directly involve AI technology, it could indirectly influence the AI-crypto market correlation. The increased interest in Base could lead to more developers building AI-related applications on the platform, potentially driving demand for AI-focused tokens such as SingularityNET's AGIX. On February 24, 2025, following the announcement, AGIX experienced a 3% price increase, from $0.80 to $0.82, and its trading volume rose by 15%, from 500,000 AGIX to 575,000 AGIX per hour (CoinGecko, 2025). This suggests a positive correlation between the Base ecosystem's developments and the performance of AI-related tokens. Additionally, the sentiment around AI-driven trading strategies may be influenced by the perceived growth potential of platforms like Base, as traders might adjust their algorithms to capitalize on these trends.

Overall, XenBH's appointment as head of global builders for Base has had a tangible impact on the cryptocurrency market, particularly on BASE and related trading pairs. The technical indicators and on-chain metrics further support the bullish sentiment, while the indirect influence on AI-related tokens highlights the interconnectedness of the crypto ecosystem.