CGPT token soars 90% on Binance listing as AI agents trend upward

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

ChainGPT launched in April 2023, focusing on solutions for the blockchain and web3 space, with an initial market cap near $8 billion. After briefly surpassing $100 million in early 2024, CGPT’s market cap retreated below that threshold amid a broader crypto market downturn.

The project began integrating AI agents into its ecosystem last month, aiming to enhance efficiency and capabilities for blockchain projects.

CGPT’s market cap increased from $170 million to $335 million after the Binance listing, with trading volume reaching $362 million over 24 hours, primarily on PancakeSwap and Binance. The token is trading at $0.41, up 91% in a day but 26% below its peak of $0.5.

AIXBT and COOKIE also posted huge gains. AIXBT, the AI agent token from Virtuals Protocol, rose 35% after Binance announced its listing, pushing its market cap to $500 million.

COOKIE, the utility and governance token of the Cookie DAO, gained 47% in the same period.

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

Nvidia CEO foresees AI agents as a multi-trillion dollar industry

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

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

Anticipated growth in this niche is expected to boost the visibility of the AI agent-focused blockchain projects, potentially driving up their token values.

The AI agent sector has doubled in market value in over a month, surpassing $14 billion since our report in late November last year.

By the year’s end, reports from high-profile blockchain teams and analysts also pointed to AI agents as one of the most promising markets expected to explode in 2025.

Whether AI agent-focused crypto projects will last, though, is still up in the air. Dragonfly Capital managing partner Haseeb Qureshi, in a Jan. 2 statement, noted that while these tokens may outperform memecoins through 2025, their popularity could decline by 2026 due to concerns about manipulation and potential waning interest.

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