ChainGPT (CGPT) Surges 90% After Binance Listing Amid Growing Interest in AI Agents

ChainGPT's (CGPT) token soared by 90% after Binance listed it for spot trading on Monday, alongside tokens for AI agents from Virtuals (AIXBT) and Cookie DAO (COOKIE).

According to CoinGecko data, CGPT's token price surged by 91% over the past 24 hours, reaching $0.41 by Tuesday morning. The token trades primarily on PancakeSwap and Binance, with a 24-hour trading volume of $362 million.

ChainGPT was launched in April 2023 with a focus on creating solutions for the blockchain and web3 space. At the time of its launch, the project's market cap was around $8 billion. After briefly surpassing $100 million in early 2024, CGPT's market cap retreated amid a broader crypto market downturn.

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

Following the Binance listing, CGPT's market cap increased from $170 million to $335 million.

AIXBT and COOKIE also posted huge gains. AIXBT, the AI agent token from Virtuals Protocol, rose by 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, also performed strongly, recording double-digit gains over the past 24 hours and outperforming Bitcoin and Ethereum.

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

OpenAI CEO Sam Altman also 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.