Following the rising trend of AI agents, CGPT token surged 90% on Binance listing.

By Crypto Gloom On Jan 10, 2025

Key Takeaways

CGPT token soared 90% after listing on Binance, increasing its market capitalization to $335 million.
The AI agent segment has doubled its market value to exceed $14 billion since the end of November 2024.

ChainGPT’s CGPT token soared 90% after Binance listed it on spot trading alongside aixbt on Virtuals (AIXBT) and Cookie DAO (COOKIE), according to CoinGecko data. This price increase comes amid growing interest in AI agents and projects that incorporate these elements.

ChainGPT launched in April 2023 and focuses on solutions for the blockchain and web3 space, with an initial market capitalization of close to $8 billion. After briefly surpassing $100 million in early 2024, CGPT’s market capitalization retreated below that threshold amid the broader cryptocurrency market downturn.

The project began integrating AI agents into its ecosystem last month, with the goal of improving the efficiency and capabilities of blockchain projects.

CGPT’s market capitalization increased from $170 million to $335 million after listing on Binance, with 24-hour trading volume reaching $362 million, mainly on PancakeSwap and Binance. The token is trading at $0.41, up 91% in a day but still 26% below its high of $0.50.

AIXBT and COOKIE also recorded significant gains. AIXBT, Virtuals Protocol’s AI agent token, rose 35% after Binance announced its listing, increasing its market capitalization to $500 million.

COOKIE, the utility and governance token of Cookie DAO, rose 47% over the same period.

Other tokens in this sector, such as Freysa and Swarms, have also shown strong performance, posting double-digit gains over the past 24 hours and outperforming Bitcoin and Ethereum.

Nvidia CEO predicts AI agents to be a trillion-dollar industry

Nvidia CEO Jensen Huang described AI agents as a trillion-dollar opportunity due to their potential to transform workforce and business efficiency at CES on Monday.

OpenAI CEO Sam Altman said in a blog post Monday that the first AI agents will join the company’s workforce this year.

The expected growth of this niche is expected to increase the visibility of AI agent-driven blockchain projects, potentially increasing their token value.

The market value of the AI agent sector doubled in just a month after the report was published in late November last year, exceeding $14 billion.

By the end of the year, reports from prominent blockchain teams and analysts had pointed to AI agents as one of the most promising markets expected to grow explosively in 2025.

However, it is still unclear whether AI agent-centered cryptocurrency projects will continue. Haseeb Qureshi, managing partner at Dragonfly Capital, noted in a statement on January 2 that these tokens could surpass memecoin by 2025, but their popularity could decline in 2026 due to concerns about manipulation and a potential decline in interest.