FLOCK Surges 88.7% as Binance and Huobi Spark AI Token Derivatives Race

Binance has launched the FLOCKUSDT perpetual futures contract for trading, marking a significant development for the tokenized AI-focused asset. According to the latest updates, the new market became available on the platform mid-morning on September 9, expanding opportunities for traders to engage with the FLOCK token. Binance is among the first major exchanges to introduce this derivative product, which is expected to drive increased liquidity and exposure for FLOCK in the global crypto markets [1].

The FLOCK token is associated with the FLOCK.io network, a decentralized platform designed to enhance AI model training and validation by enabling composable compute, data contribution, and training processes. The project’s unique approach to breaking down traditional barriers in model development has garnered attention from leading venture capital firms, including DCG, Lightspeed Faction, Volt, Tagus, and OKX Ventures. These investments suggest a strong belief in the project’s long-term potential and technological viability [1].

In parallel, Huobi HTX also launched FLOCK/USDT perpetual futures contracts on the same day, offering up to 10x leverage and a $20,000 prize pool for participants in an active trading competition, which runs until September 16. This competitive offering highlights the growing interest in FLOCK across multiple exchanges and may contribute to further price volatility and increased trading activity as market participants respond to the new product offerings [1].

Market data indicates that the FLOCK token has experienced a significant surge in trading volume, with $364.44 million in volume recorded over the last 24 hours—a 2,990.40% increase from the previous day. This sharp rise underscores a notable spike in market activity, potentially driven by the new listings and heightened interest from traders. The token’s current market capitalization stands at $908.14 million, placing it at rank 522 on CoinGecko, while its fully diluted valuation is estimated at $4.06 billion, assuming the maximum supply of 1 billion tokens is in circulation [1].

Despite its recent outperformance—posting an 88.70% price increase over the last seven days, compared to a 2.40% rise in the broader cryptocurrency market—FLOCK remains 29.30% below its all-time high of $0.056321. Analysts suggest that the recent momentum could be attributed to a combination of new product launches and the token’s unique positioning in the AI sector, though it remains to be seen whether the current rally will be sustained over the long term. As new derivatives products continue to expand the FLOCK ecosystem, traders and investors will likely remain closely attuned to its price movements and broader market reception [1].

Source:

[1] FLOCK Live Price Chart, Market Cap & News Today (https://www.coingecko.com/en/coins/flock-2)

[2] Bitcoin Exchange Upbit Releases New Listing ... (https://blockchair.com/de/news/bitcoin-exchange-upbit-releases-new-listing-announcement-heres-the-latest-listed-altcoin--72f49f4099)