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%. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Issues Alert on Two AI-Based Altcoins Up by Over 100x in Two Months, Predicts 50% Fall in Best-Case Scenario appeared first on The Daily Hodl .
