Binance之后以AI为重点的加密货币引入了永久期货市场

AI16Z在1月初达到了2.42美元的高价，此后一直以上超过84％，现在仅售价0.38美元。

Cryptocurrencies centered around artificial intelligence have encountered a brutal downturn following their introduction to Binance’s perpetual futures market, sparking concerns about the impact of derivatives trading on smaller digital assets.

围绕人工智能以人工智能为中心的加密货币在介绍了Binance永久期货市场后遇到了残酷的衰退，引发了人们对衍生品交易对较小数字资产的影响的担忧。

Ai16z, which reached a high of $2.42 at the beginning of January, has since seen its value plummet by over 84%, currently sitting at just $0.38. Venice Token (VVV) has also suffered a significant decline, dropping from $18 in late January to around $5.82, marking a 67% decrease.

AI16Z在1月初达到2.42美元，此后的价值下降了84％以上，目前仅为0.38美元。威尼斯令牌（VVV）也遭受了显着下降，从1月下旬的18美元下降到5.82美元左右，标志下降了67％。

The downturn escalated after Binance launched perpetual futures for ai16z shortly before its affiliated DAO was rebranded as ElizaOS. The exchange later introduced similar futures for VVV, the token that powers the AskVenice AI ecosystem.

在Binance在AI16Z的永久未来之后不久之后，其下降后，其下滑升级后，其附属的DAO被重新命名为Elizaos。后来，交易所引入了VVV的类似未来，VVV是为Askvenice AI生态系统提供动力的代币。

According to some market analysts, these listings have had devastating effects. Ilya Paveliev, co-founder of Arete Capital, believes that perpetual futures have become a tool for aggressive short-selling rather than promoting organic price movement. He claims that traders are using these derivatives to drive prices down while selling off their spot holdings.

根据一些市场分析师的说法，这些清单具有毁灭性的影响。 Arete Capital的联合创始人Ilya Paveliev认为，永久未来已成为积极进取的卖空工具，而不是促进有机价格运动。他声称，贸易商正在使用这些衍生产品来降低价格，同时出售其现货持有量。

“The introduction of perpetual futures has completely changed the game for smaller tokens,” Paveliev said.

帕维耶夫说：“永久未来的引入完全改变了较小的代币游戏。”

Unlike traditional spot trading, perpetual futures allow traders to exert a substantial influence over market trends with relatively little capital. According to Paveliev, this creates an environment where large investors can manipulate prices, while market makers, who typically help stabilize assets, withdraw support once a listing goes live.

与传统的现货交易不同，永久期货使交易者能够对资本相对较少的市场趋势产生重大影响。根据帕维耶夫（Paveliev）的说法，这创造了一个大型投资者可以操纵价格的环境，而通常有助于稳定资产的做市商一旦上市播放，就可以撤回支持。

“The market makers don’t care about the token once it’s listed. They're making their money on the listing and the perpetual futures,” he added.

“一旦列出，做市商就不会关心令牌。他们在上市和永恒的未来上赚钱。”他补充说。

Paveliev also criticizes Binance's strategy, arguing that the platform prioritizes hype-driven narratives, such as AI and meme coins, over fundamentals. He claims that by listing perpetual futures for tokens with limited liquidity, the exchange amplifies volatility, exposing retail investors to increased risks.

Paveliev还批评了Binance的战略，认为该平台优先考虑了炒作驱动的叙述，例如AI和Meme Coins，而不是基本面。他声称，通过列出流动性有限的代币的永久未来，交易所放大了波动性，使零售投资者面临增加的风险。