The U.S. decision to publish GDP figures directly on-chain jolted the market into motion. Pyth Network, one of the oracles referenced in the rollout, jumped by about 120% in hours, highlighting how sensitive crypto markets can be to widely followed data feeds.
For retail traders, this kind of volatility can be difficult to interpret in real time. In this context, DeepSnitch AI has drawn attention as a project that says it aims to help users monitor market activity more quickly.
In recent weeks, DeepSnitch AI has been running an early-stage token sale. According to the project, it has raised more than $169K at a token price of $0.01602 and is positioning its product around automated market monitoring.
What the DeepSnitch AI project says it aims to do
The U.S. decision to publish GDP figures directly on-chain signals that more public-sector data may be distributed through blockchain-based feeds. Market participants that closely track oracle networks such as Pyth and Chainlink may react quickly when new data integrations are announced.
As crypto markets incorporate more real-time data sources and cross-chain activity, some traders rely on a mix of price charts, wallet activity, and news monitoring—each with limitations and delays.
DeepSnitch AI describes its product as a set of five AI agents that track wallets, contracts, and cross-chain activity and surface alerts based on the project’s criteria. These descriptions are based on project materials and have not been independently verified.
The project says the token sale has raised over $170K at $0.01602. As with any fundraising claim, readers should treat these figures as self-reported unless confirmed by independent sources.
Any token’s future performance remains uncertain and depends on many factors, including product delivery, user adoption, market conditions, and broader regulatory developments.
PYTH price movement after U.S. GDP data was published on-chain
PYTH rose roughly 120% to around $0.20 and briefly traded near $0.2115 after the U.S. Department of Commerce referenced Pyth and Chainlink for publishing official GDP data on-chain. After the initial spike, the token remained up by about 80% on August 29th.
After falling from its March 2024 high near $1.20 to lows in August, the move suggests the downtrend may be weakening. Some traders will watch nearby areas such as $0.23–$0.26 for potential resistance and $0.15–$0.17 for potential support, but these levels are not predictive and price can move quickly in either direction.
The U.S. is now streaming macro data through Pyth across nine chains, including Bitcoin, Ethereum, Solana, and Avalanche, according to public statements from the network. The impact of these integrations on token demand is uncertain and depends on how the data feeds are used and adopted.
Pyth’s longer-term role may depend on continued integrations and whether on-chain data feeds become more widely used in financial applications. Any governance, access, or staking-related demand for PYTH may vary over time.
The bottom line
Publishing GDP data on-chain coincided with a sharp reaction in PYTH, underscoring how quickly crypto markets can respond to widely referenced information sources.
DeepSnitch AI is one of several projects attempting to package blockchain and market monitoring into automated tools for traders. The project says it uses multiple AI agents to scan on-chain activity, though independent verification of specific capabilities may be limited.
According to the project, its token sale has raised more than $169K at $0.01602.
Project website (for reference): official website.
FAQs
What is DeepSnitch AI and what does it claim to offer?
DeepSnitch AI describes itself as a tool that uses several AI agents to monitor on-chain activity (such as wallets and contracts) and generate alerts intended to help users track market developments. The project also reports that it is conducting an early-stage token sale and has raised over $169K at a token price of $0.01602.
How should readers evaluate claims made by early-stage token-sale projects?
Information about early-stage token sales is often based on project communications and may not be independently verified. Readers may want to review primary materials, understand the risks, and consider that token prices can be highly volatile and outcomes uncertain.
Does participation in a token sale imply a likely return?
No. Returns are not guaranteed, and token prices can fall as well as rise. The success of any early-stage token depends on factors such as execution, adoption, competition, market liquidity, and regulatory conditions.
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. This article is for informational purposes only and does not constitute financial or investment advice.
