FARTCOIN surges as Binance announces futures listing

Fartcoin, the Solana meme coin that attracted great attention amid new market rumors around artificial intelligence agents, exploded in price after Binance Futures announced the listing.

Fartcoin (FARTCOIN) token skyrocketed to a $1 billion market cap earlier in the day as new upward momentum helped cryptocurrencies stem the recent price decline. The turning point on December 20 occurred when the price of the meme coin rose to an all-time high of $1.30.

While last week’s gains were up over 50%, the parabolic performance seen last month meant FARTCOIN was up more than 370%. Notably, the meme coin’s rise that day occurred when Binance announced the listing of the Fartcoin perpetual futures contract.

Binance stated that the listing of AIXBT, FARTCOIN, KMNO and CGPT perpetual contracts aims to expand trading options for users. Binance Futures added perpetual contracts for tokens offering up to 75x leverage starting December 20 at 18:30 UTC.

Virtuals’ AIXBT and ChainGPT’s CGPT tokens also rose sharply, gaining 16% and 42% respectively in 24 hours.

Interestingly, AIXBT, FARTCOIN and CGPT tokens are also among the first tokens to land on Binance Alpha.

Binance Alpha is a new platform that highlights early-stage projects likely to be listed on the world’s largest crypto exchange. Binance has not yet listed any of these tokens on the spot market. However, the introduction of Binance Alpha and the addition of crypto projects among the initial entries caused investors to have a more optimistic outlook.

While Fartcoin’s market value rose above $1 billion, 24-hour volume increased by 8% to over $315 million. Increased market activity as prices rise indicates that cryptocurrency is attracting more investors.