Base token markets experienced unusual volatility and trading activity

Base token markets experienced unusual volatility and trading activity during the past week, according to data published by Phoenix Group on April 27, 2025. Several assets registered major changes in trading volumes and price movements, with Virtual PROMPT leading the rankings by a wide margin.

Virtual PROMPT clocked in the highest weekly trading volume among tracked tokens, registering $1.2 billion out of which $705 million was in the past week alone. Along with the trading activity, the token’s price climbed by 95%, pushing its market capitalization to $705 million.

TOP #BASE TOKENS BY WEEKLY TRADING VOLUME#VIRTUAL $PROMPT $XCN $AIXBT $KAITO $BRETT $AERO $SPX $TOSHI $OBT $COOKIE $CARV $DEGEN $GPS $SPEC

The performance of Virtual PROMPT was followed closely by XCN, which reported trading volume of $764 million. The token’s price rose by 41.8% over the same period, supported by a market capitalization of $73.5 million.

Following XCN, AIXBT posted volume of $518 million and achieved an increase in price of 8.3%, while KAITO maintained proximity with volume of $514 million and a price rise of 26.4%.

BRETT, AERO, SPX, and TOSHI displayed notable activity. SPX managed to garner volume of $303 million alongside a price increase of 23.2%. Meanwhile, TOSHI generated $159 million in trades, accompanied by a growth in its token price of 25.0%. These movements highlight continued interest in both emerging and more established base tokens.

Mid-tier tokens such as OBT, COOKIE, CARV, and DEGEN reported weekly trading volumes between $124 million and $96 million. Among these, COOKIE delivered the most dramatic price move, surging by 306.7% over the week.

CARV recorded a price rise of 30.0%, while DEGEN posted a gain of 16.9%. OBT’s contribution in terms of trading volume placed it in the mid-tier category, although its price action remained less aggressive compared to COOKIE’s extraordinary rally.

Finally, GPS and SPEC closed the list of top base tokens for the week. If comparing the rate of price fluctuations in the past week, SPEC turned out to be the most profitable with a 113.2% markup. In a case of SPEC, the worth may be estimated at $ 41.8 million by the end of the week.