In an official announcement on January 7, Binance Futures introduced USDⓈ-margined perpetual contracts for SWARMUSDT, COOKIEUSDT, and ALCHUSDT. The contracts went live at different times today:
- COOKIEUSDT at 11:30 UTC
- ALCHUSDT at 11:45 UTC
- SWARMSUSDT at 12:15 UTC
With up to 75x leverage, these new offerings are expected to boost the liquidity and visibility of these assets, sparking increased interest from both retail and institutional traders.
Whale Activity Sparks Market Speculation
Notably, whale activity has intensified the speculation surrounding the new listings. According to Lookonchain, an unknown whale withdrew $2 million USDC from Binance to purchase SWARMS tokens, indicating strong demand for the token. However, another whale quickly sold 4.5 million SWARMS tokens, worth $2.14 million, soon after the futures listing was announced, adding an element of uncertainty to the market.
Price Movements After Launch
Following the futures listing, all three tokens have seen substantial price increases:
- COOKIE surged by 17% and is currently trading at $0.6513 (24-hour low of $0.5302 and high of $0.6667).
- ALCH climbed 31%, reaching $0.2067 (24-hour low of $0.1478 and high of $0.2035).
- SWARMS saw a 38% rise, now trading at $0.4903 (24-hour low of $0.3402 and high of $0.6145).
conclusion
The launch of USDⓈ-margined perpetual contracts for COOKIEUSDT, ALCHUSDT, and SWARMSUSDT on Binance Futures has driven significant price increases, with gains of up to 38%. While whale activity suggests strong demand, it also introduces volatility, as large withdrawals and sell-offs add uncertainty. These listings are boosting market visibility and attracting both retail and institutional traders, but caution is advised due to ongoing market fluctuations.
Also read: 3 Altcoins Set for Explosive Growth by Q2 2025, Say Analysts
