Binance, the largest centralized crypto exchange, recently announced the launch of leverage trading support for three AI-powered digital assets: GRIFFAIN, A16Z, and ZEREBRO. These tokens, already listed on Binance Alpha—a feature designed for researching and trading early-stage crypto projects—will now be available for margin trading with up to 75x leverage.
The launching was announced on X (former Twitter), underscoring Binance’s commitment to staying ahead of industry trends and fostering the growth of AI-driven blockchain initiatives.
The AI-themed cryptocurrency sector has experienced a meteoric rise, reaching a staggering $10 billion valuation in just a few months. This growth has been fueled by exchange listings, technological advancements, and a surge in token all-time highs (ATHs).
Binance’s decision to enable margin contracts for GRIFFAIN, A16Z, and ZEREBRO further amplifies the momentum behind this burgeoning market.
The trend is not limited to Binance. OKX, another major crypto exchange, had already introduced perpetual futures trading for GRIFFAIN and ZEREBRO in late 2024, highlighting the growing demand for AI-powered crypto assets.
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The announcement from Binance triggered a significant price rally for the three tokens. According to data from DEX Screener and CoinGecko:
Binance Futures will launch the USDⓈ-M $GRIFFAIN, $AI16Z and $ZEREBRO Perpetual Contracts at
— Binance Futures (@BinanceFutures) January 2, 2025
🗓️Jan 2 2025, 13:30, 13:45 and 14:00 (UTC) respectively.
Read more ➡️ https://t.co/ZZmJ1F23pB pic.twitter.com/SCeajeBXTL
- A16Z: The token soared over 12%, reaching a new ATH of $2.47 with a market capitalization of $2.4 billion.
- ZEREBRO: Prices climbed 15%, peaking at $0.78 and achieving a valuation of $649 million.
- GRIFFAIN: While its price increase was more modest at 4%, the token still reached a new ATH, underscoring its steady growth.
All three tokens operate on the Solana blockchain, which continues to be a hub for innovative crypto projects.
The evolution of AI-powered cryptocurrencies has been remarkable. Initially, many projects leveraged the hype around meme tokens to build on-chain value, generate excitement, and boost trading volumes. However, the sector has matured significantly, transitioning from speculative assets to projects with tangible utility and infrastructure.
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- ZEREBRO: This token has shifted its focus toward entertainment, integrating with platforms like Spotify for album releases.
- A16Z: Its Eliza framework has become a cornerstone for creating an ecosystem of autonomous entities, highlighting the practical applications of AI in decentralized systems.
These developments signify a growing trend: AI protocols are no longer just about hype; they are solving real-world problems and driving meaningful innovation.
The addition of leverage trading for AI-based tokens on Binance is a major milestone for the cryptocurrency industry. It reflects the increasing confidence in the utility and potential of AI-driven projects. Moreover, it signals that the sector is moving beyond its “genesis phase,” where the focus was primarily on generating buzz, into a phase of delivering real-world use cases.
This transition could lead to even greater adoption of AI-powered tokens as investors and developers recognize their potential to revolutionize industries ranging from entertainment to finance.
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