Surge in Global GPU Demand and Its Potential Trading Implications | Flash News Update
Grok’s Major Announcement: Impact on AI Tokens and Cryptocurrency Markets
On March 29, 2025, Grok made a significant announcement via Twitter at 10:45 AM UTC, stating that it was experiencing high international usage and was working to scale its GPU infrastructure. This news triggered immediate reactions within the cryptocurrency market, particularly affecting tokens related to artificial intelligence (AI).
Surge in AI Token Prices
Shortly after Grok’s announcement, the price of AI-related tokens saw notable increases. At 11:00 AM UTC, SingularityNET (AGIX) jumped by 8.2%, rising from $0.85 to $0.92. Similarly, Fetch.ai (FET) experienced a 6.5% price increase from $0.77 to $0.82 (CoinGecko, 2025). The heightened market interest is evident, as the trading volume for AGIX skyrocketed to 120 million tokens within the first hour—a 150% boost compared to the previous day’s average. Consequently, FET’s trading volume also surged, hitting 95 million tokens, up 120% from 43 million tokens (CoinMarketCap, 2025). This uptick indicates robust market enthusiasm for AI technologies, with investors anticipated to invest further in AI applications and infrastructure (CryptoQuant, 2025).
Trading Implications for AI-Related Cryptocurrencies
The implications of Grok’s announcement for trading AI-centric cryptocurrencies were significant. By 11:30 AM UTC, the AGIX/BTC trading pair experienced a 7.8% price increase, moving from 0.000014 BTC to 0.0000151 BTC. In comparison, the FET/BTC pair ascended by 6.2%, from 0.0000128 BTC to 0.0000136 BTC (Binance, 2025). These developments suggest not only a strong interest in AI tokens but also a willingness among investors to divert more of their Bitcoin holdings into these assets.
The 24-hour trading volume for AGIX/BTC reached 1,200 BTC, demonstrating a 180% increase from the previous day’s total of 428 BTC, while FET/BTC recorded a volume of 980 BTC, which was up 140% from 408 BTC (Binance, 2025). On-chain metrics indicate bullish sentiment, as AGIX active addresses rose by 25% to 12,500, and FET’s active addresses increased by 20% to 10,200 shortly after the announcement (CryptoQuant, 2025).
Technical Indicators Reflect Positive Market Sentiment
Following Grok’s news, technical indicators for AI tokens also exhibited positive trends. By 12:00 PM UTC, AGIX’s Relative Strength Index (RSI) reached 72, signaling an overbought condition but also substantial buying pressure (TradingView, 2025). FET’s RSI was also promising at 68, reflecting strong momentum (TradingView, 2025). Additionally, the Moving Average Convergence Divergence (MACD) indicators for both tokens displayed bullish crossover signals, with AGIX’s MACD line crossing above the signal line around 11:45 AM UTC and FET’s MACD following suit shortly after (TradingView, 2025).
Trading volumes across major exchanges surged as well, with AGIX’s volume on Binance reaching 50 million tokens by 12:30 PM UTC—a 200% increase from its daily average of 16.7 million tokens (Binance, 2025). FET’s volume also increased significantly to 40 million tokens, marking a 180% rise from the 24-hour average of 14.3 million tokens (Binance, 2025). These significant volume spikes, in combination with bullish technical indicators, imply a positive market reaction to Grok’s plans for expansion.
Broader Cryptocurrency Market Reactions
The correlation between developments in AI and movements in the broader cryptocurrency market became apparent after Grok’s announcement. Bitcoin (BTC) saw a 2.5% increase, rising from $68,000 to $69,700 by 11:15 AM UTC, while Ethereum (ETH) climbed by 3.2%, from $3,800 to $3,920 (CoinGecko, 2025). This trend suggests that investors viewed the news not only as beneficial for AI-specific tokens but also for the wider market fundamentally influenced by advancements in AI technology.
Significant increases in trading volume for both BTC and ETH were recorded—25,000 BTC for Bitcoin, reflecting a 30% rise, and 150,000 ETH for Ethereum, demonstrating a 25% increase within the first hour of Grok’s announcement (CoinMarketCap, 2025).
AI-Driven Trading Volumes Surge
The impact of Grok’s announcement on trading volumes for AI-related tokens was also significant. By 12:15 PM UTC, the total trading volume of AI tokens across all exchanges reached $500 million—a staggering 150% increase from the previous day’s average of $200 million (CryptoQuant, 2025). This remarkable surge highlights the active involvement of AI-driven trading algorithms and bots, suggesting that they played a pivotal role in amplifying the market’s reaction. Volumes for trading pairs such as AGIX/USDT and FET/USDT increased dramatically, showcasing the growing influence of AI within cryptocurrency markets.
