On Tuesday, Binance Futures announced significant news about the tokens ALCH, COOKIE, and SWARM, capturing attention from traders worldwide. The exchange unveiled plans to introduce USD-margined perpetual contracts for these assets, increasing their market exposure. This development has sparked curiosity among traders and investors regarding whether these coins might continue an upward trend in the near future.
Binance Futures Launches Perpetual Contract For These 3 Tokens
On January 7th, Binance announced a new listing that includes perpetual contracts for SWARMUSDT, COOKIEUSDT, and ALCHUSDT, available immediately. The COOKIE contract will be live at 11:30 UTC, followed by ALCH at 11:45 UTC and SWARM at 12:15 UTC. Users on this popular platform can potentially trade these assets with up to 75 times the leverage.
In summary, the improved trading opportunities provided by a leading cryptocurrency exchange, fostering market expansion and amplifying asset exposure, have instilled optimism among market observers regarding the associated tokens. Concurrently, the actions of large investors, or “whales,” have added an extra level of curiosity to one specific token within the market.
Whale Data Sparks Market Speculation
Of particular interest is a recent post on Lookonchain’s platform, which suggests that large investors, known as whales, continue to purchase SWARMS. A previously undisclosed whale wallet withdrew 2 million USDC from Binance to acquire this token. This action has sparked optimism in the DAO token community, but another whale was observed selling the same amount, creating some doubt.
According to Lookonchain information, a large investor (referred to as a ‘whale’) recently sold 4.5 million tokens for approximately 9,884 SOL or roughly $2.14 million. Despite this sale, the same trader still possesses tokens valued at around $10.19 million. This whale activity has raised some doubts even after the announcement of future listings.
How Are The Tokens Performing?
In summary, the value of COOKIE coins climbed in unison with Binance Futures’ announcement. As we speak, COOKIE is seeing a 18% increase in price and is currently being traded at $0.6592. The coin’s lowest and highest points over the past 24 hours were $0.5302 and $0.6667, respectively.
Additionally, the value of ALCH was recorded at around $0.1957 today, marking a significant increase of approximately 26% within the trading day. The coin’s lowest and highest points over the past 24 hours were $0.1478 and $0.2035 respectively.
Last but not least, the price of SWARMS saw a 38% surge and is now standing at $0.4903. The coin’s lowest and highest points in the last 24 hours were $0.3402 and $0.6145 respectively.
Additionally, it’s worth mentioning that the history of trades on this platform has fueled optimism about the potential direction of these tokens. Specifically, Binance recently announced expanded trading options for DOGE, SHIB, and PEPE, creating a buzz about possible profits for meme-based assets. As a result, investors are closely monitoring these specific tokens, anticipating further price increases.
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2025-01-07 15:53