Data: The market value of the Base ecosystem token FAI briefly increased by over 30 million USD, with a 24-hour increase of 122%

According to GMGN monitoring, the market value of the established ecological token FAI on Base surged from about $11 million to $38 million this morning, reaching a short-term high, and has now retreated to around $26 million, with a 24-hour increase of 122% and a trading volume of $8.7 million during the same period.

This round of increase may be due to comments from well-known analyst Algod (X: AlgodTrading), who stated on the X platform that he has heavily invested in a competitor of $vvv, aiming to push the market value of that project above $1 billion. Algod did not specify the name of the token, but several data indicators he disclosed have led some community users to speculate it points to FAI.

FAI is the native token of the Freysa AI project, deployed on the Base chain. It experienced a significant market value increase last year due to a retweet from Musk, reaching a high of $660 million. The token has been online for 460 days.

ChainCatcher reminds users that on-chain token trading is highly volatile, largely dependent on market sentiment and conceptual speculation, and lacks actual value or use cases. Investors should be aware of the risks.