SkyAI (SKYAI) Soars 35% Following Binance Futures Listing

SkyAI, a project positioned at the intersection of artificial intelligence (AI) and blockchain technology, has attracted interest from Binance. A few hours ago, the leading crypto exchange announced plans to list the project’s native token, SKYAI, on its futures market. Following this announcement, the digital asset soared over 35%.

SkyAI focuses on building an expanded Model Context Protocol(MCP), an open standard that improves how large language models (LLMs) interpret data from external sources. The project believes this technology will enhance the deployment of AI agents. It will also enable seamless access to multi-chain data and simplify users’ interactions with LLMs.

SKYAI to Enter Binance Futures

Binance’s announcement revealed that the token was listed on its futures market by 9:45 AM UTC. Crypto traders can speculate on the asset’s future price with a leverage of up to 50x. Tether’s USDT is the settlement asset for SkyAI’s token. Copy traders can benefit from the newly launched token after 24 hours of launch on the futures market.

The crypto exchange added that SKYAI is already listed on the Binance Alpha market, which supports early-stage projects with high growth potential. Recently, Binance Alpha has onboarded various cryptocurrencies, especially memecoins. This move often leads to a rapid price surge for the asset.

Still, it is worth noting that securing a listing in these Binance-owned markets does not guarantee that it will be listed on the spot market. This is because securing a listing on the spot market involves meeting rigorous criteria to downsize risks for investors.

Notably, this is not SKYAI’s first foray into the Binance ecosystem. For one thing, SkyAI launched its native token on the Binance-affiliated BNB Chain. Yesterday, the BNB Chain Foundation, a non-profit organization developing the layer-1 blockchain, disclosed that it has accumulated $100,000 worth of SKYAI. It bought the BEP-20 token in four tranches of $25,000 each.

$100M Incentive Program: Asset Purchase Announcement

The BNB Chain Foundation wallet has completed the latest round of asset purchases:

✅ A total of $100,000 was used to purchase $SKYAI (@SKYAIpro) in four separate transactions, each worth $25,000:

1️⃣https://t.co/zNDWRwogZW… https://t.co/HEcAsyZp7T

— BNB Chain (@BNBCHAIN) May 12, 2025

In March, the BNB Chain Foundation unveiled a $100 million liquidity incentive to support projects building on the layer-1 blockchain. Eligible projects include those with a market capitalization above $1 million, a daily traded volume of $200,000 or above, and daily active traders of up to 300 or above. SkyAI’s native token is the fifth cryptocurrency to receive funding from the foundation. Others are Broccoli, Test Token, Mubarak, and AIOT.

SKYAI’s Market Metrics Soar

These milestones have propelled the AI token’s value to new frontiers. Shortly after the Binance Futures listing announcement, the crypto asset soared to an all-time high of $0.0649. However, according to on-chain data from CoinMarketCap, its value has rebalanced at $0.0634 at the time of writing. This represents a 35% surge over the past 24 hours.

Its market capitalization and daily trading volume are not left out in the upward trend. It currently ranks as the 508th largest cryptocurrency with a market cap of $62.2 million, with a 24-hour traded volume of $469 million, representing a 70% rise.

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