Binance to launch GRIFFAIN, AI16Z and ZERE with 75x leverage

Binance shared plans to launch leveraged trading support for AI-based cryptocurrencies GRIFFAIN, A16Z, and Zerebro.

Binance, the largest centralized crypto exchange, will launch margin contracts with up to 75x leverage for AI-powered digital assets Griffain (GRIFFAIN), ai16z (AI16Z), and Zerebro (ZEREBRO).

The three tokens were already listed on Binance Alpha, a feature used for research and trading of early-stage crypto projects. OKX also launched perpetual futures trading for GRIFFAIN and ZEREBRO late last year.

The artificial intelligence-themed crypto industry has gained momentum as one of the rising trends of the industry. The ecosystem reached a $10 billion valuation within months, driven by exchange listings and tokens surging to all-time highs.

Following Binance’s margin trading announcement, the prices of GRIFFAIN, A16Z, and ZEREBRO increased significantly. Data from DEX Screener and CoinGecko showed that A16Z rose over 12%, reaching an all-time high of $2.47 and a market cap of $2.4 billion.

ZEREBRO reached a valuation of $649 million with a 15% price increase. The token also set a new ATH on January 2, rising to $0.78. GRIFFAIN also reached a new ATH despite a more modest price increase of 4%. All three tokens are traded on Solana (SOL).

AI protocols have moved from meme tokens to projects with utility and infrastructure. This shift gained traction during last year’s Solana meme craze; The projects initially leveraged tokens to create on-chain value, generate excitement, and increase trading volumes.

The industry’s formation phase has evolved into real-world usage scenarios. For example, ZEREBRO has branched out into entertainment, including Spotify Albums. Meanwhile, A16Z’s Eliza framework nurtures an ecosystem of autonomous assets, highlighting the growing utility of AI-powered projects.