Binance has shared plans to launch leveraged trading support for AI-based coins GRIFFAIN, A16Z, and Zerebro.
Binance, the largest centralized cryptocurrency exchange, will do just that He releases Margin Contracts for AI-Powered Digital Assets Griffin (Griffin), ai16z (AI16Z), and Zyrebro (cerebral) with leverage up to 75x.
The three tokens are already listed on Binance Alpha, a feature used to research and trade early-stage cryptocurrency projects. OKX also launched perpetual futures contracts commerce For GRIFFAIN and ZEREBRO late last year.
The AI-themed cryptocurrency sector has gained momentum as one of the emerging trends in the industry. The ecosystem reached a $10 billion valuation within months, driven by exchange listings and a rally at all-time highs.
Following Binance's margin trading announcement, the prices of GRIFFAIN, A16Z, and ZEREBRO rose significantly. Data from DEX Screener and CoinGecko showed A16Z increasing by more than 12%, achieving a new all-time high of $2.47 and a market cap of $2.4 billion.
ZEREBRO followed with a 15% price increase, to $649 million. The token also set a new ATH on December 2, peaking at $0.78. GRIFFAIN, despite a more modest 4% price gain, also reached a new ATH. All three tokens are traded on Solana (Sol).
AI protocols have moved from tokens to projects with facilities and infrastructure. This shift gained momentum during last year's Solana meme mania, as projects initially leveraged tokens to build on-chain value, generate hype, and boost trading volumes.
The nascent stage of the industry has evolved into real-world use cases. For example, ZEREBRO focused on entertainment, including Spotify albums. Meanwhile, A16Z's Eliza framework fuels the ecosystem of autonomous entities, highlighting the growing benefit of AI-powered projects.
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