The leading global crypto exchange, Binance, has announced plans to list the future contacts of three AI agent tokens to its trading portfolio.
Binance Futures will launch the perpetual contracts of Cookie, Alchemist, and Swarms with up to 75x leverage.
AI Agent Tokens Launch on Binance Futures
In an announcement, the world’s largest crypto exchange said that the AI agent tokens will be listed on January 7.
COOKIE futures began trading at 11:30 UTC, while ALCH went live 15 minutes later. The SWARMS token futures were scheduled to trade at 12:15 UTC. The perpetual contracts for these tokens feature a maximum funding rate of ±2.00%.
Binance added that the tokens were already listed on the Binance Alpha Market. Binance Alpha is a newly integrated feature in Binance Wallet. It was designed to showcase early-stage crypto projects with the potential for future official listing on Binance.
The AI agent tokens showed an immediate drawdown after the futures listing announcement. While ALCH and COOKIE recovered, SWARMS was still down at press time.
COOKIE, ALCH, and SWARMS, Price Performance. Source: TradingView
This is not surprising, as tokens generally tend to have a short-term correction following the listing of their futures contracts. This is because traders can now easily short the token’s perpetual contract.
According to a crypto analysis platform LMK.fun on X, top SWARMS holders have dumped $2 million worth of tokens following the Binance announcement.
“Top SWARMS holders instant dump $2 million after Binance list perp. Binance listing is now officially berish. Time has changed,” he said.
Another analyst pointed out that the same thing happened with Fartcoin following its listing on Binance. Nevertheless, the token displayed a strong rally in December.
“Study that fartcoin dip when Binance listed it on futures See what happened next? Then repeat that for Griffain, followed by Trisig, followed by Jail, followed by Neur,” the analyst Kale Abe said on X.
Separately, half of the tokens listed on Binance Alpha show lower valuations than before listing. Tokens listed through Binance Alpha have underperformed compared to those listed on Binance’s main platform.
