Binance Announces Launch of Leverage Trading for AI-Based Coins GRIFFAIN, A16Z, and Zerebro
Binance, the premier centralized cryptocurrency exchange, is set to introduce margin contracts for AI-centric digital assets GRIFFAIN, AI16Z, and ZEREBRO, offering leverage of up to 75x.
These three tokens are already available on Binance Alpha, a platform dedicated to researching and trading early-stage cryptocurrency projects. Notably, another exchange recently introduced perpetual futures trading for GRIFFAIN and ZEREBRO.
The AI-focused cryptocurrency market is rapidly evolving, emerging as one of the most significant trends in the industry. With a valuation soaring to $10 billion in just a few months, this sector’s growth is being propelled by exchange listings and a surge in token prices.
After Binance’s announcement regarding margin trading, the values of GRIFFAIN, AI16Z, and ZEREBRO experienced notable increases. Data indicates that AI16Z surged over 12%, reaching a new all-time high of $2.47 and a market capitalization of $2.4 billion.
ZEREBRO also saw a 15% price increase, with its valuation climbing to $649 million and hitting a new all-time high of $0.78. GRIFFAIN, while recording a more modest 4% gain, achieved a new all-time high as well. All three cryptocurrencies are traded on the Solana network.
The transition of AI protocols from meme tokens to functional projects with real-world utility underscores the maturing nature of this sector. This transformation gained momentum during last year’s Solana meme mania, with projects leveraging their tokens to create on-chain value, generate enthusiasm, and enhance trading activity.
As the ecosystem develops, real-world applications are emerging. For example, ZEREBRO is expanding into entertainment, featuring Spotify albums, while A16Z’s Eliza framework supports a growing network of autonomous entities, demonstrating the increasing utility of AI-driven projects.
