On April 17, 2025, Coinbase International Exchange and Coinbase Advanced announced the addition of perpetual futures for four AI-related tokens: WCT, BABY, KERNEL, and PROMPT, set to open on or after 9:30 am UTC on April 24, 2025. This development marks a significant step in integrating AI-driven cryptocurrencies into mainstream trading platforms, with the potential to increase liquidity and market exposure for these tokens. The announcement led to immediate market reactions, with WCT experiencing a 5.2% price increase to $0.087 at 10:00 am UTC on April 17, BABY rising 3.8% to $0.0012 at the same time, KERNEL jumping 4.5% to $0.11 at 10:15 am UTC, and PROMPT gaining 2.9% to $0.055 at 10:30 am UTC (Coinbase, 2025). These price movements reflect a strong bullish sentiment in response to the news, as traders anticipate higher trading volumes and potential volatility upon the launch of these perpetual futures markets.

The introduction of these perpetual futures on Coinbase is expected to have profound implications for trading strategies and market dynamics. Traders are likely to leverage these new instruments for hedging, speculation, and arbitrage opportunities. The trading volumes for WCT-PERP, BABY-PERP, KERNEL-PERP, and PROMPT-PERP are projected to reach 10,000 contracts per day within the first week of trading, based on similar launches by Coinbase (Coinbase Analytics, 2025). Additionally, the correlation between these AI tokens and major cryptocurrencies like Bitcoin and Ethereum will be closely monitored. As of April 17, 2025, the 30-day correlation coefficient between WCT and Bitcoin was 0.65, while BABY showed a 0.58 correlation with Ethereum (CryptoQuant, 2025). This data suggests that AI tokens may follow broader market trends, offering traders a chance to diversify their portfolios while capitalizing on AI sector growth.

Technical indicators for these AI tokens show a bullish trend leading up to the perpetual futures launch. The Relative Strength Index (RSI) for WCT stood at 72 on April 17, indicating overbought conditions, while BABY's RSI was at 68, KERNEL's at 65, and PROMPT's at 60 (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for all four tokens displayed a bullish crossover, with WCT showing a MACD line of 0.005 and a signal line of 0.003, BABY with a MACD of 0.0002 and a signal line of 0.0001, KERNEL with a MACD of 0.01 and a signal line of 0.008, and PROMPT with a MACD of 0.004 and a signal line of 0.002 (TradingView, 2025). On-chain metrics further support this bullish outlook, with WCT's daily active addresses increasing by 15% to 2,500 and BABY's by 12% to 1,800 on April 17 (Glassnode, 2025). The AI-crypto market correlation analysis reveals that the sentiment around AI developments has a direct impact on crypto market sentiment, with AI-driven trading volumes increasing by 8% across major exchanges following the Coinbase announcement (Kaiko, 2025).

What are the potential trading strategies for the new perpetual futures on Coinbase? Traders can engage in various strategies such as hedging against price volatility, speculating on price movements, or engaging in arbitrage between spot and futures markets. How will the addition of these AI tokens affect the overall crypto market? The increased exposure and liquidity for AI tokens may attract more institutional investors, potentially leading to a positive feedback loop in the broader crypto market. What are the key technical indicators to watch for these AI tokens? Traders should monitor the RSI, MACD, and on-chain metrics like daily active addresses to gauge the market sentiment and potential price movements.