On March 3, 2025, Justin Sun retweeted a statement by ZachXBT on X (formerly Twitter), emphasizing the legitimacy of blockchain networks based on the issuance of native stablecoins by major issuers like Circle, Tether, and Paxos. The tweet highlighted that Cardano (ADA) and Ripple (XRP) have no such native stablecoins, potentially signaling a lack of institutional trust or adoption [Source: X post by @zachxbt, March 3, 2025]. Immediately following this tweet, ADA experienced a 3.5% price drop to $0.45 at 14:30 UTC, while XRP saw a 2.8% decline to $0.52 at 14:35 UTC, reflecting immediate market sentiment shifts [Source: CoinMarketCap, March 3, 2025, 14:35 UTC]. The trading volume for ADA surged by 22% to 1.2 billion ADA, and XRP's volume increased by 18% to 800 million XRP within the same timeframe [Source: CoinGecko, March 3, 2025, 14:40 UTC]. This event also led to increased discussions on social platforms, with a notable rise in mentions of ADA and XRP on platforms like Reddit and X [Source: LunarCrush, March 3, 2025, 15:00 UTC].

The trading implications of this event were significant, particularly for ADA and XRP. The lack of native stablecoins from major issuers could be interpreted as a signal of lower institutional confidence in these blockchains. This perception led to a sell-off, with ADA's trading volume against USDT on Binance reaching 500 million ADA at 15:00 UTC, and XRP's volume against USDT on the same exchange hitting 300 million XRP [Source: Binance, March 3, 2025, 15:00 UTC]. The ADA/USDT pair saw an increase in short positions by 15%, indicating bearish sentiment among traders [Source: Bybit, March 3, 2025, 15:10 UTC]. Conversely, Ethereum (ETH), which has native stablecoins like USDC, experienced a slight increase of 1.2% to $3,200 at 15:20 UTC, suggesting a flight to perceived safer assets [Source: CoinMarketCap, March 3, 2025, 15:20 UTC]. The correlation coefficient between ADA and XRP during this period was 0.85, indicating a strong positive relationship in their price movements [Source: CryptoQuant, March 3, 2025, 15:30 UTC].

From a technical analysis perspective, ADA showed a bearish divergence on the 4-hour chart, with the RSI dropping from 60 to 45 at 15:45 UTC, suggesting weakening momentum [Source: TradingView, March 3, 2025, 15:45 UTC]. XRP's MACD crossed below the signal line at 16:00 UTC, a bearish signal [Source: TradingView, March 3, 2025, 16:00 UTC]. The on-chain metrics for ADA indicated an increase in the number of large transactions, with transactions over $100,000 rising by 30% to 1,200 transactions at 16:15 UTC, possibly indicating whale activity [Source: Glassnode, March 3, 2025, 16:15 UTC]. XRP's active addresses increased by 10% to 50,000 at 16:30 UTC, suggesting heightened network activity [Source: Santiment, March 3, 2025, 16:30 UTC]. The 24-hour realized volatility for both ADA and XRP increased by 15% and 12%, respectively, indicating higher market uncertainty [Source: Kaiko, March 3, 2025, 16:45 UTC].

In the context of AI developments, the absence of native stablecoins on ADA and XRP networks could affect AI-related tokens that rely on these blockchains for operations. For instance, SingularityNET (AGIX), built on Cardano, saw a 4% price drop to $0.25 at 17:00 UTC following the tweet [Source: CoinMarketCap, March 3, 2025, 17:00 UTC]. The correlation between AGIX and ADA during this period was 0.75, indicating a strong linkage [Source: CryptoQuant, March 3, 2025, 17:15 UTC]. The trading volume for AGIX increased by 25% to 100 million AGIX, suggesting increased market interest or concern [Source: CoinGecko, March 3, 2025, 17:30 UTC]. The AI-driven trading algorithms might have adjusted their positions in response to the perceived stability of the underlying blockchain, potentially leading to increased volatility in AI-related tokens. This event underscores the interconnectedness between blockchain legitimacy and AI token performance, highlighting potential trading opportunities in AI/crypto crossover markets.