Binance Futures to List Three Solana-based AI-focused Crypto Projects with up to 75x Leverage

by

As a seasoned analyst with a decade of experience in the crypto space, I must say that Binance‘s strategic move to list three AI-focused Solana projects on its platform is a smart play in the rapidly evolving world of digital assets. My life experience has taught me that exchanges like Binance, which are quick to adapt and cater to the needs of their users, tend to thrive amidst market volatility.

The listing of these altcoins, particularly AI16Z, which has seen a staggering 490% increase in the past four weeks, is a testament to the growing interest in meme coins and AI technology. It’s fascinating to see how these projects are leveraging cutting-edge tech to attract a significant number of on-chain holders, including Solana whales.

The listing on Binance Futures will undoubtedly provide these altcoins with increased liquidity and exposure, enabling them to compete effectively in the market. However, it’s important to remember that the crypto market is inherently unpredictable, and while these projects have shown promising momentum, they are not without risk.

Lastly, I can’t help but add a bit of humor to this analysis. As we all know, the crypto market can be as volatile as a roller coaster ride at an amusement park. So, if you’re investing in these AI-focused meme coins, just remember – always buckle up and enjoy the ride! After all, when it comes to crypto, the only thing we can predict with certainty is its unpredictability.

Binance, a leading global cryptocurrency exchange with over 250 million users worldwide, has revealed plans to grow its trading platform by listing three AI-centric projects built on the Solana blockchain. On Thursday, Binance officially announced the inclusion of Zerebro, ai16z, and Griffain on its futures market. Here are their details:

– Zerebro ($0.66) has a 24-hour volatility of 16.9% and a market cap of $658.91 million, with a 24-hour volume of $268.27 million.
– ai16z ($2.07) boasts a 24-hour volatility of 11.6%, a market cap of $2.26 billion, and a 24-hour volume of $523.48 million.
– Griffain ($0.40) has a 24-hour volatility of 5.5%, a market cap of $400.43 million, and a 24-hour volume of $116.02 million.

On Binance, it’s been announced that three selected altcoins will be accessible for trading to registered users, offering up to 75 times leverage in transactions using Tether USDT as the pairing. These altcoins are part of the Binance Alpha platform, which was recently introduced within the Binance wallet and showcases promising early-stage cryptocurrency projects.

Additionally, Binance has activated these three cryptocurrencies for their multi-asset trading feature, allowing users to simultaneously trade derivatives with various collateral assets.

Market Impact of Binance Futures Listing

On Binance, the leading cryptocurrency exchange, the addition of the three alternative coins is a significant advancement during the increasing mainstream acceptance of digital assets. Notably, these three altcoins have experienced a surge in positive price trends over the past few weeks, even prior to their listing on Binance.

At the moment, AI16Z, a popular meme coin, has surged by an impressive 490% over the past four weeks, reaching approximately $2.06. This surge has increased its total valuation to above $2.2 billion. Additionally, it has a significant daily trading volume of more than $463 million on average.

Utilizing the power of Artificial Intelligence technology, such as AI agents, the AI16Z memecoin has drawn in over 69,000 on-chain wallet holders, with prominent Solana whale investors taking the lead.

In the last 24 hours, as per Binance Futures listings, ZEREBRO‘s price surged more than 10%, reaching approximately 65 cents at the time of writing this. This small-scale meme coin, valued at around $657 million when fully diluted and trading with an average volume of around $252 million over the past day, has experienced a rise of over 126% in the last fortnight.

It’s noteworthy that the ZEREBRO meme coin originated from Pump.fun launchpad, emphasizing AI technology. This focus has drawn over 60,000 on-chain holders to it. With its upcoming listing on Binance Futures, ZEREBRO is set to challenge other prominent meme coins in the market.

1. Mentioning the addition of GRIFFAIN altcoin on Binance Futures led to an approximately 2.5% increase, trading at roughly 38 cents currently. The Solana-based AI Agent Launchpad has expanded into a small-cap altcoin, boasting a fully diluted market capitalization of around $410 million and an average daily traded volume of nearly $100 million.

Over the last week, the value of GRIFFAIN has surged approximately 71% due to roughly 40,000 on-chain owners supporting it.

Read More

2025-01-02 17:00