Gate Research Institute: BAS rise exceeds 130% ｜ Base plans to launch native Token

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Encryption Assets Overview

BTC (-1.68% | Current Price 112,716 USDT)

After experiencing a period of high-level consolidation, the BTC price has shown a noticeable surge in a short time, reaching a temporary high point and demonstrating strong bullish momentum. The short-term moving averages (MA5, MA10) have turned upwards and formed a bullish arrangement, with the price steadily running above MA30, indicating potential for trend continuation. The trading volume has significantly increased during the upward phase, with buying pressure being concentrated, suggesting a positive market sentiment and noticeable capital inflow. If BTC can maintain stability above the key support zone of 115,000, it is expected to continue to hold a strong pattern and attempt to challenge the upper resistance level. However, attention should be paid to the profit-taking pressure after consecutive short-term surges; if the price breaks below the short-term support and the volume weakens, a technical correction may occur to adjust the indicators. Overall, BTC remains in a strong upward channel, but short-term operations should be cautious, with reasonable control of positions and pacing.

ETH (-2.89% | Current Price 4,095 USDT)

The price of ETH stabilized after a significant drop, followed by a short-term rebound, showing an overall trend of first suppression and then rise. The short-term moving averages (MA5, MA10) gradually flattened and turned upward after the decline, but have not yet clearly formed a bullish arrangement with MA30, indicating that the rebound momentum is still in the accumulation stage. The price is currently running near MA30, with fierce short-term long and short battles. If ETH can steadily rise above 4,150 dollars and break through with volume, it is expected to continue the rebound trend and return to the upward channel. However, if the price falls below the 4,000 dollar mark again, it may restart the correction trend, and short-term support will be tested. Overall, after experiencing drastic adjustments, ETH's sentiment has somewhat recovered, but the trend has not completely reversed, and further observation of volume coordination and moving average structure repair is still needed.

GT (0.08% | Current price 16.96 USDT)

After experiencing a period of sideways consolidation, the GT price made a strong upward move in a short time, reaching a high of 17.5 dollars, but faced significant selling pressure at the peak and subsequently fell into an adjustment phase. The short-term moving averages (MA5, MA10) had formed a bullish arrangement at the beginning of the rise, but have now shown signs of turning downward, while MA30 has begun to flatten, indicating that short-term bullish momentum has weakened. The current price is running below all moving averages, and market sentiment is leaning towards caution, reflecting a temporary weakening of buying power. If GT can find support around 16 dollars and resume volume to push upward, it is likely to challenge the resistance level between 16.8 and 17 dollars again; however, if it breaks below the 16 dollar mark, it may further retest the 15.5 dollar support area. Overall, after a rapid rise, GT has entered a consolidation phase, with short-term momentum slowing down, and attention should be paid to the effectiveness of the support below and changes in volume to determine the subsequent direction.

Daily Price Fluctuation Tokens

From the overall market performance, the cryptocurrency market is generally under pressure today, with mainstream coins all declining. BTC fell by about 1.82%, experiencing a high-level correction after previous gains, and market sentiment is becoming cautious; ETH saw a larger decline of 2.94%, indicating an increased risk aversion among investors. BNB showed the most significant downward trend, dropping by about 6.69%; SOL and XRP fell by 3.62% and 4.25% respectively, continuing the weak pattern. In contrast, stablecoins like USDT and USDC remained basically flat, as market funds temporarily shifted to a defensive stance. If mainstream coins cannot quickly stabilize and rebound with volume, they may continue to maintain a weak oscillating trend in the short term, necessitating caution against further technical adjustment risks. With the recent popularity of the AI sector, BAS, COAI, and SAPIEN have risen against the trend.

BAS BAS (+132.85%, circulating market value 271 million USD)

According to Gate market data, the current price of the BAS token is $0.112, having increased by approximately 132.85% in the last 24 hours. BAS is a native verification and reputation layer on the chain. It enables composable on-chain KYC, identity and asset verification, suitable for real-world assets (RWA), decentralized finance (DeFi), artificial intelligence agents, and more scenarios. By integrating KYC data, asset proofs, on-chain behavior, social activities, and community contributions, BAS builds a verifiable human reputation profile.

BAS has experienced a strong surge in the past 24 hours, with an increase significantly higher than the market average, mainly driven by multiple favorable factors. Firstly, the funding sentiment has clearly warmed up, and the overall market risk appetite has increased, with some funds shifting from mainstream coins to small and medium-cap assets in search of high return opportunities, making BAS one of the concentrated targets for inflow. Secondly, the project team recently announced new ecological collaborations and technological advancements, enhancing the market's confidence in its long-term development, which has led to a rapid increase in community enthusiasm and trading activity. Meanwhile, trading volume has significantly expanded, with strong short-term capital chasing the rise, forming a healthy structure of "price increase and volume increase."

COAI ChainOpera AI (+52.08%, circulating market cap 2.74 billion USD)

According to Gate's market data, the current price of the COAI token is $1.4889, with a 52.08% increase over the past 24 hours. ChainOpera AI is a full-stack AI platform based on blockchain, designed to achieve collaborative intelligence through a network of AI agents and models co-created and owned by the community. It integrates three core functions: AI applications for end users, a developer platform for creating agents, and a decentralized infrastructure layer for models and GPU resources, all built on a unified protocol.

COAI has surged strongly in the past 24 hours, with a significant increase leading among similar AI track tokens. This rise is mainly driven by the project's active promotion in community outreach and ecological cooperation. Short-term capital has concentrated inflow, with trading volume significantly expanding, pushing the price to quickly break through the previous consolidation range. Technically, COAI has successfully stood above key moving averages, with short-term moving averages forming a bullish arrangement, indicating that bullish momentum continues to strengthen. Market sentiment is high, with speculative buying active, providing support for short-term upward movement.

SAPIEN SAPIEN (+59.42%, circulating market cap 44.47 billion USD)

According to Gate.io market data, the current price of the SAPIEN token is $0.1786, which has increased by approximately 59.42% in the last 24 hours. Sapien is an open protocol for the large-scale acquisition of verified human knowledge. Its network consists of millions of contributors from over 100 countries/regions, including doctors, engineers, artists, and students.

SAPIEN has shown a significant upward trend in the past 24 hours, performing actively in the small and mid-cap sector. This rise is mainly driven by the market's increased attention towards the combination of decentralized social (DeSoc) and AI. As related concepts gain traction, SAPIEN, as one of the early players, has been bolstered by both capital and community sentiment. Trading volume has simultaneously increased, with short-term bullish sentiment surging, driving prices to quickly break through previous resistance levels. On the technical front, short-term moving averages (MA5, MA10) have crossed above medium- to long-term moving averages, forming a bullish structure, with prices returning to the rising channel and showing clear momentum release. If the subsequent volume remains sufficient and stabilizes above the breakout zone, SAPIEN is expected to continue its rebound trend; however, caution is needed regarding the potential volatility caused by profit-taking and the loosening of high-position chips.

Hotspot Interpretation

Tether paid $300 million to the Celsius liquidation team to settle bankruptcy disputes.

The stablecoin issuer Tether has agreed to pay $300 million to the Blockchain Asset Recovery Investment Coalition (BRIC), jointly formed by GXD Labs and VanEck, to resolve bankruptcy claims related to the bankrupt cryptocurrency lending platform Celsius Network. The settlement was reached in the Southern District Bankruptcy Court of New York, ending a months-long claims case amounting to $4 billion.

According to BRIC, this capital recovery is an important result of its strategy to "maximize the recovery of assets in digital asset bankruptcy cases." The alliance is still managing illiquid and litigated assets related to Celsius. Celsius was one of the most representative bankruptcy cases during the crypto winter of 2022, and after completing bankruptcy liquidation last year, it has distributed over $3 billion in assets to creditors.

After the liquidation of Bitcoin leverage, the market enters a stage favorable for accumulation.

On Tuesday, the encryption market as a whole was under pressure, with Bitcoin and major coins showing significant pullbacks. However, after Fed Chairman Powell's slightly dovish speech, market sentiment improved. Powell stated that the Federal Reserve's quantitative tightening (QT) cycle is nearing its end, the labor market is gradually cooling, and employment risks are rising, which suggests a possible further interest rate cut within the year. As a result, risk assets received some support. Bitcoin rebounded to around $112,600 after briefly dropping to a low of $109,800, with a 24-hour decline narrowing to 2.8%; Ethereum fell by about 4%, while major coins such as BNB, XRP, and DOGE generally declined by 4% to 6%. The CoinDesk 20 Index dropped by approximately 3.2%.

Some researchers point out that the recent deleveraging is a "healthy adjustment" for the market, helping to digest the risk exposure brought about by excessive speculation and establishing a more solid support range for Bitcoin. Last week's large-scale deleveraging significantly reduced the market's risk leverage ratio, creating space for subsequent capital reallocation. Although liquidity remains tight in the short term and traders need time to recover from forced liquidations, similar large-scale liquidations in history often signify the formation of a phase bottom.

Base token is about to launch, dedicated to building an interconnected Ethereum ecosystem.

At the BaseCamp 2025 conference held by Base, co-founder Jesse Pollak stated that Base is exploring the possibility of issuing a native token in its early stages, while reiterating its vision of building on Ethereum and emphasizing interoperability. Although Pollak mentioned that there is no definite issuance timeline or design plan yet, the public discussion of the token scheme is seen as an important shift in Base's development roadmap.

According to reports from media such as Cointelegraph, the current token exploration by Base is considered a step towards further decentralization and incentivizing community and ecosystem development; at the same time, the Base team announced the launch of a Solana bridging solution to enhance cross-chain connectivity, aiming to make Base no longer an "island" but a hub node for inter-chain connectivity. The media also pointed out that this transition signifies Base's formal move from a "no-token strategy" to exploring tokenization.
Reference Materials:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Coindesk, https://www.coindesk.com/policy/2025/10/14/celsius-wind-down-secures-usd300m-from-tether-say-gxd-labs-vaneck
• Coindesk, https://www.coindesk.com/markets/2025/10/14/bitcoin-s-leverage-flush-favors-accumulation-k33-says
• X, https://x.com/Cointelegraph/status/1978310134947344567

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