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Base Protocol's FAI Market Cap Surges Over $30 Million in a Short Period, with a 122% 24-hour Growth

4 hours ago

**March 3rd** Per GMGN monitoring (link: https://gmgn.ai/base/token/i_m4TE56o8_0xb33ff54b9f7242ef1593d2c9bcd8f9df46c77935), Base’s longtime ecosystem token FAI surged sharply this morning—jumping from ~$11 million to $38 million, hitting a short-term peak. It has since pulled back to roughly $26 million, with a 122% 24-hour gain and $8.7 million in trading volume. The rally may tie to comments from well-known analyst Algod (@AlgodTrading on Twitter). In a post, he revealed he took a large position in a rival to $VVV, targeting a $1 billion+ market cap for the project. Algod didn’t name the token outright, but community members are guessing he’s referring to FAI, based on disclosed data. FAI is the native token of Freysa AI, deployed on Base. Last year, it saw a massive jump (peaking at $660 million) after Elon Musk retweeted related content. The token has been live for 460 days. **BlockBeats Note** On-chain token trading is extremely volatile, heavily swayed by market sentiment and speculative trends, and often lacks tangible value or utility. Investors should be wary of the risks involved.
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The 20th Million Bitcoin Is About to Be Mined, the Remaining 1 Million Bitcoins May Take 114 Years to Mine

March 3rd: Real-time data shows the Bitcoin network has mined roughly 19,992,468 BTC. It’s only a few days away from the 20 millionth Bitcoin being mined, at which point the circulating supply (out of Bitcoin’s 21 million total) will exceed 95%. Per Bitcoin’s halving schedule, the remaining 1 million BTC will take an additional 114 years to be mined.

2 minutes ago

Amid Market Downturn, 'Buddy' Ethereum Longs Experience Partial Liquidation

On March 3, per Hyperinsight data, the crypto market saw a sharp afternoon drop at 16:00 ET, with Ethereum posting a short-term decline of more than 2%. During this period, the "Buddy" ETH long positions were partially liquidated again. As of press time, its 25x-leveraged ETH long position held just 1,360 ETH remaining, and its liquidation price had fallen to $1,929.

2 minutes ago

Whale Trader "pension-usdt.eth" completed its position with an average price of $67,522, currently holding a long position in BTC with a size of $66.5 million

March 3 — Per the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the "pension-usdt.eth" address (0x0ddf...) kept adding to its Bitcoin long position over the past hour after BTC dipped below $68k. It has now established a 3x leveraged Bitcoin long position with a size of $66.5M, an average entry price of $67,522, and is currently sitting on a floating loss of $1.08M (-4.8%). This makes it the largest on-chain whale holding Bitcoin long positions. The address regularly turns profits from swing trading, using a strategy centered on low leverage, short holding periods (average ~20 hours), and large positions in Bitcoin and Ethereum. Since last October, its cumulative profits have topped $24 million, including $5.2 million in gains over the past seven days.

2 minutes ago

Nvidia Invests $2 Billion Each in Lumentum and Coherent to Advance Next-Generation Data Center Optical Interconnect Technology

Nvidia announced on March 3 separate multi-year strategic partnerships with photonics device manufacturers Lumentum and Coherent, committing $2 billion to each—totaling $4 billion in investments. The funds will support joint research and development, manufacturing capacity expansion, and U.S.-based operations for both companies, with Lumentum planning to build a new wafer fabrication facility (fab). The non-exclusive agreements also include multi-billion-dollar procurement commitments and rights to future capacity for advanced laser and optical networking products. Shares of both Lumentum and Coherent surged sharply following the announcement, according to CNBC.

2 minutes ago

Solana ecosystem sees the emergence of a "Gao Shi Naoye" meme coin, Gao Shi Naoye personally posts to deny any association.

On March 3, data from GMGN indicates a meme coin named after Japanese Prime Minister Sanae Takaichi launched on the Solana ecosystem 6 days earlier. It opened with a market cap of $27.72 million but plummeted amid shrinking trading volume, now standing at $6.6 million. Beyond its post-launch decline, the token has drawn notable controversy over its distribution—with the top 10 addresses holding 42.6% of the total supply. Yesterday, Prime Minister Sanae Takaichi took to X (formerly Twitter) to clarify: “I have no knowledge of this token, and my office has never received any notification about it. We have not approved its creation either.” BlockBeats urges users to exercise caution: celebrity-themed meme coins carry substantial investment risks.

2 minutes ago

Turkish Foreign Minister: Heard of “Iran’s neighbor will retaliate against Iran,” could be true

March 3 – Turkish Foreign Minister Mevlüt ?avu?o?lu said Gulf countries have not released a formal statement, but there are claims neighboring nations are retaliating against Iran. “We’ve also heard these claims; this could be true,” he noted. (FX678)

2 minutes ago

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