Trader Issues Alert on Two AI-Based Altcoins Up by Over 100x in Two Months, Predicts 50% Fall in Best-Case Scenario

A widely followed crypto trader is issuing a warning on two artificial intelligence (AI)-based altcoins, saying that history shows a 50% drop would be the best-case scenario for them.

In a new thread on the social media platform X, pseudonymous crypto analyst Altcoin Sherpa tells his 237,500 followers on the social media platform X that AI-focused projects ai16z ( AI16z ) and Zerebro ( ZEREBRO ) being listed on Binance futures is likely a sell-on-news event.

According to Sherpa, recent history shows that when assets are listed on Binance futures, they tend to see sharp decreases in price. The trader cites memecoins Fartcoin ( FARTCOIN ), Just a chill guy ( CHILLGUY ), Moo Deng ( MOODENG ), Goatseus Maximus ( GOAT ) and Peanut the Squirrel ( PNUT ) as examples.

“I own both ai16z and Zerebro and they’ll be listed on Binance futures. Recent history shows that this is NOT a bullish event and you can generally expect anywhere from -50% retrace (FARTCOIN) as the best-case scenario or much worse (GOAT, Chillguy, Pnut, Moodeng).”

Source: Altcoin Sherpa/X

The trader’s chart shows that Fartcoin saw a 48% decrease in its Solana pair (FARTCOIN/ SOL ) after it was listed on Binance futures. However, the chart also shows the asset rebounded and hit a new all-time high afterward.

Earlier this week, Binance announced that it would be expanding its suite of futures products, including offerings for Zerebro and AI16z.

ZEREBRO and AI16z are trading for $0.607 and $2.10 at time of writing, respectively. On November 3rd, they were moving for just $0.0058 and $0.109, representing increases of over 10,000% and 19,000%.

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