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

Binance, the world’s largest centralized cryptocurrency exchange, has announced its plans to launch margin trading support for three AI-powered tokens: GRIFFAIN, A16Z, and Zerebro, with leverage of up to 75x. This move highlights Binance’s commitment to expanding its offerings in the rapidly growing AI-themed cryptocurrency sector.

These tokens were previously listed on Binance Alpha, a platform for researching and trading early-stage crypto projects. The decision to support margin trading for GRIFFAIN, A16Z, and Zerebro follows a significant rise in interest in AI-based cryptocurrencies, which have gained substantial momentum in recent months. In fact, the AI-themed crypto market has grown to a valuation of $10 billion, driven by listings on major exchanges and surges in token prices.

Following the announcement of margin trading, the prices of these AI-based tokens saw a marked increase. A16Z surged over 12%, hitting a new all-time high (ATH) of $2.47 with a market cap of $2.4 billion. Zerebro saw an even more impressive 15% jump, reaching a valuation of $649 million and setting a new ATH of $0.78 on January 2. Although GRIFFAIN experienced a more modest 4% increase, it also reached a new ATH.

The tokens in question trade on Solana (SOL), a blockchain known for its fast transaction speeds and lower fees compared to other blockchains like Ethereum. This ties into the broader trend of AI-focused cryptocurrencies, which have evolved from speculative meme tokens into projects with real-world utility and infrastructure.

For instance, Zerebro has shifted its focus to the entertainment sector, including partnerships with platforms like Spotify. Meanwhile, A16Z is leveraging its Eliza framework to create autonomous entities, further emphasizing the utility of AI within blockchain ecosystems.

The introduction of leverage trading on Binance allows traders to amplify their positions, attracting more speculative interest in the rapidly evolving AI-based crypto space. The rise of these tokens reflects the growing integration of artificial intelligence and blockchain, and it underscores the sector’s increasing legitimacy as it moves from hype to practical applications.