Binance Futures Lists ALCH, COOKIE, & SWARM; Prices To Rally?

Binance Futures revealed an important update on the tokens ALCH, COOKIE, and SWARM on Tuesday, garnering noteworthy attention among market participants globally. The crypto exchange revealed that it is launching USD-margined perpetual contracts for the mentioned assets, offering them enhanced market visibility. As a result, traders and investors anticipate whether these coins could sustain a rally in the coming days.

Binance Futures Launches Perpetual Contract For These 3 Tokens

In a recent Binance listing announcement on January 7, the crypto exchange revealed that it is launching SWARMUSDT, COOKIEUSDT, and ALCHUSDT perpetual contracts as of today. Notably, the COOKIE perpetual contract will launch at 11:30 UTC, followed by the ALCH and SWARM contracts at 11:45 and 12:15 UTC, respectively. The platform’s colossal user base is primed to enjoy up to 75x leverage when trading the asset.

Overall, the enhanced trade offering by one of the top crypto exchanges, supporting market growth and providing increased visibility to the assets, caused market watchers to bullishly eye the tokens. Simultaneously, recent whale movements sparked an additional layer of market intrigue surrounding one of these tokens.

Whale Data Sparks Market Speculation

Notably, a recent X post by the tracker Lookonchain revealed that whales haven’t stopped buying SWARMS. An unknown whale address was recorded withdrawing 2 million USDC from Binance to buy this token. While this movement reverberated optimism for the DAO token, another whale was registered to offload the same, raising uncertainty.

Per Lookonchain data, a whale sold 4.5M tokens for 9,884 SOL, worth $2.14 million, promptly after the futures listing announcement. Besides, this trader still holds $10.19 million worth of tokens. Overall, the whale data has sparked uncertainty despite the future listings.

How Are The Tokens Performing?

Overall, the coins soared in tandem with Binance Futures’ listing announcement. At the time of reporting, COOKIE price witnessed gains worth 18% intraday and is currently trading at $0.6592. The coin’s 24-hour low and high were $0.5302 and $0.6667, respectively.

Further, ALCH price traded at $0.1957, up nearly 26% intraday. The coin’s 24-hour low and high were $0.1478 and $0.2035, respectively.

Lastly, even SWARMS price witnessed a 38% uptick and is currently resting at $0.4903. The coin’s 24-hour low and high were $0.3402 and $0.6145, respectively.

Also, it’s noteworthy that the exchange’s previous chronicles have added to optimism about the tokens’ future movements. Notably, Binance earlier announced enhanced trade offerings for DOGE, SHIB, & PEPE, sparking optimism over looming gains for the meme-themed assets. In turn, market watchers extensively eye the abovementioned assets, expecting further gains in prices.