Binance Futures Lists 3 AI Agent Tokens Amidst Growing Hype

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Binance, the world’s top cryptocurrency exchange, has revealed intentions to include trading options for three Artificial Intelligence-related token futures in their platform.

On Binance Futures, we’re introducing perpetual contracts for Cookie, Alchemist, and Swarms, offering up to 75 times the initial investment as leverage.

AI Agent Tokens Launch on Binance Futures

In a recent statement, the world’s leading cryptocurrency platform announced plans to list Artificial Intelligence (AI) agent tokens on January 7th.

As a researcher, I initiated my study at precisely 11:30 UTC, with the Cookie futures market commencing trade. At 11:45 UTC, the ALCH went live, following closely by 15 minutes. The SWARMS token futures were slated to debut at 12:15 UTC. Notably, these perpetual contracts are designed to cap the funding rate at a maximum of ±2.00%.

Binance noted that these tokens are already available on Binance’s experimental market, Binance Alpha. This freshly incorporated section within the Binance Wallet is intended to highlight up-and-coming cryptocurrency initiatives which could potentially be featured in a future official listing on Binance.

After the announcement about the futures listing, there was an instant decrease in the performance of the AI agent tokens. However, both ALCH and COOKIE managed to bounce back, whereas SWARMS remained in a loss state at the time of the press release.

It’s not unexpected that tokens usually experience a brief adjustment after their future contracts are listed, given that traders now find it simpler to sell short on the token’s perpetual contract.

As per the analysis by crypto platform LMK.fun regarding topic X, significant token holders within the SWARMS community sold approximately $2 million worth of their tokens after the Binance announcement was made.

“The leading SWARMS token holders quickly sold off approximately $2 million worth of tokens following Binance’s perpetual (perp) listing. The Binance listing, it seems, has been finalized. As time moves on, so does the market,” he explained.

As a crypto investor, I recall when Fartcoin faced a similar situation after being listed on Binance. Despite this initial setback, the token remarkably surged in December, showcasing resilience and potential for growth.

Kale Abe, the analyst, pointed out that we should observe how Fartcoin’s price dipped when it was listed on Binance futures, and then see what transpired afterwards. The same approach should be applied to Griffain, Trisig, Jail, and Neur as well,” (in a more conversational style)

In isolation, about half of the cryptocurrencies traded on Binance Alpha are currently valued less than their initial listing prices. It is worth noting that the tokens launched via Binance Alpha have generally performed worse in terms of value growth when compared to those listed on Binance’s primary platform.

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2025-01-07 15:41