Major global cryptocurrency exchange Binance has announced plans to list futures contracts for three AI agent tokens on its trading portfolio.
Binance Futures will launch Cookie, Alchemist, and Swarms perpetual contracts with up to 75x leverage.
AI Tokens on Binance Futures
In an announcement, the world's largest cryptocurrency exchange said AI agent tokens will be listed this Tuesday (7).
Binance added that the tokens were already listed on its platform’s Alpha Market. Binance Alpha is a newly integrated functionality on Binance Wallet. It showcases early-stage projects with the potential for future official listing on the exchange.
AI agent tokens showed an immediate drop following the futures listing announcement. While ALCH and COOKIE have recovered, SWARMS was still down at the time of publication.
This is not surprising as tokens usually tend to see a short-term correction after listing their futures contracts. This is because traders can now easily short the token’s perpetual contract.
According to crypto analytics platform LMK.fun on X, major SWARMS holders dumped $2 million worth of tokens following Binance's announcement.
Major SWARMS Holders Instantly Dump $2 Million After Binance Perpetual Listing. Binance listing is now officially negative. The times have changed, he said.
Another analyst pointed out that the same thing happened with Fartcoin after its listing on Binance. However, the token showed a strong rally in December.
Study that fartcoin crash when Binance listed it in futures. Did you see what happened next? Then repeat that for Griffain, followed by Trisig, followed by Jail, followed by Neur, analyst Kale Abe said on X.
Separately, half of the tokens listed on Binance Alpha show lower valuations than before the listing. Tokens listed through Binance Alpha have underperformed compared to those listed on Binance’s main platform.
