On March 24, 2025, $GIGA, a token listed on Coinbase, experienced a significant valuation shift. According to Eric Cryptoman's tweet at 10:30 AM UTC on the same day, $GIGA was valued at $150 million, a stark contrast to its peak of $1 billion just two months prior on January 24, 2025 (Source: Eric Cryptoman's X post). This drastic drop in valuation underscores the volatility inherent in the cryptocurrency market, particularly for tokens like $GIGA which have seen rapid rises and falls. The listing on Coinbase, a major exchange platform, typically implies a level of vetting and potential for increased liquidity, yet the current valuation reflects a significant market correction from its previous high (Source: Coinbase listing announcement on March 15, 2025). At the time of the tweet, $GIGA was trading at $0.15 per token, down from $1.00 two months earlier (Source: CoinMarketCap data at 10:45 AM UTC on March 24, 2025). This represents a decline of 85% in token value within this timeframe, highlighting the rapid shifts possible in the crypto market (Source: CoinGecko analysis dated March 24, 2025, at 11:00 AM UTC).

The trading implications of this valuation shift for $GIGA are profound. On March 24, 2025, the trading volume for $GIGA on Coinbase surged to 50 million tokens by 12:00 PM UTC, a 300% increase compared to the average daily volume of the past week (Source: Coinbase trading volume data as of 12:00 PM UTC on March 24, 2025). This spike in volume suggests a significant market reaction to the valuation drop, possibly driven by panic selling or opportunistic buying. For traders, this presents both risk and opportunity. The $GIGA/BTC trading pair saw a volume increase of 250% on the same day, with $GIGA trading at 0.000025 BTC at 11:30 AM UTC (Source: Binance trading data at 11:30 AM UTC on March 24, 2025). Additionally, the $GIGA/ETH pair showed a similar trend with a volume increase of 220%, trading at 0.00035 ETH at 11:45 AM UTC (Source: Kraken trading data at 11:45 AM UTC on March 24, 2025). These volume spikes in multiple trading pairs indicate heightened market interest and potential for increased volatility, necessitating careful monitoring by traders.

Technical indicators for $GIGA on March 24, 2025, further illustrate the market's dynamics. The Relative Strength Index (RSI) for $GIGA stood at 30 at 11:00 AM UTC, suggesting the token was entering oversold territory, which could signal a potential reversal or at least a pause in the downward trend (Source: TradingView analysis at 11:00 AM UTC on March 24, 2025). The Moving Average Convergence Divergence (MACD) indicated a bearish crossover at 10:45 AM UTC, reinforcing the downward momentum observed in the price (Source: TradingView analysis at 10:45 AM UTC on March 24, 2025). On-chain metrics showed that the number of active addresses for $GIGA increased by 15% over the past 24 hours, reaching 10,000 active addresses by 12:00 PM UTC on March 24, 2025, indicating heightened user engagement with the token despite its valuation drop (Source: Glassnode on-chain data as of 12:00 PM UTC on March 24, 2025). Additionally, the transaction volume on the $GIGA network increased by 200% over the same period, suggesting increased network activity that traders should consider in their analysis (Source: CryptoQuant on-chain data as of 12:00 PM UTC on March 24, 2025).