Binance Futures introduced three new AI-powered perpetual contracts, leading to major price surges in tokens’ values within hours of the announcement.
Binance Futures has recently announced the launch of three new perpetual contracts with up to 75x leverage. The new contracts, introduced on January 7, would include COOKIEUSDT, ALCHUSDT, and SWARMSUSDT, all AI-based tokens that have registered major price surges soon after the announcement.
The contracts will be rolled out in stages: COOKIEUSDT at 11:30 UTC, ALCHUSDT at 11:45 UTC, and SWARMSUSDT at 12:00 UTC. Each token will feature a funding rate of +2.00% / -2.00%, with funding fees settled every four hours.
This move marks Binance’s expansion in the rapidly growing intersection of AI and cryptocurrency.
Surge in Token Values
All three tokens saw a major surge in their values within hours of the announcement. COOKIE, the cryptocurrency linked to Cookie DAO, saw a 16% increase in the past 24 hours, reaching $0.653 per token. This surge resulted in an 18% rise in its market capitalization, which now stands at $104 million.
Cookie DAO specializes in aggregating and indexing data from AI agents across blockchains and social media platforms. By offering real-time analytics, Cookie DAO enables users to make informed decisions within the dynamic AI and Web3 markets.
Alchemist AI’s native token ALCH also recorded a notable 24% rise in its value, currently trading at $0.194. With a market capitalization of $165 million, the token’s 24-hour trading volume surged by 30%, reaching $127 million.
Alchemist AI’s no-code development platform allows users to generate bespoke applications effortlessly, empowering individuals — from novices to professionals — to create applications ranging from utilities to games without needing coding expertise.
Perhaps the most dramatic price movement occurred with SWARMS. This token briefly surpassed a $600 million market cap, peaking at $0.61, before settling at $0.49, still up by 40% within 24 hours of Binance’s announcement. The token saw an eye-catching 151% increase in 24-hour trading volume, now at $372 million.
SWARMS is a Solana-based decentralized project offering AI-based agents, prompts, and tools. Since getting listed on CoinMarketCap last week, the token has seen around a 200% surge in its value.
AI Tokens Growth
The surge in these tokens reflects a broader AI sector uptrend, with the cumulative market cap of AI tokens reaching $59.4 billion on January 7. To put this into perspective, meme coins, a much older sector within crypto, currently hold a $115.6 billion market cap.
Many experts, including Haseeb Qureshi of Dragonfly Capital, believe AI agent-based tokens are poised to outperform meme coins in 2025. As major exchanges like Binance continue to expand their AI offerings, the future of the sector looks increasingly promising.
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