GWEI Gains 30% After Binance Lists New Perpetual Contract

Edgen Crypto

·Jan 29 2026, 23:34

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Key Takeaways

Binance has listed new perpetual contracts for the GWEI and BIRB tokens, triggering significant price increases for both assets. The new offerings, which include up to 50x leverage, underscore the exchange's powerful influence on altcoin valuations, often referred to as the 'Binance effect'.

Binance launched GWEI/USDT and BIRB/USDT perpetual contracts on January 29, 2026.
GWEI's price increased 30% while BIRB's price rose 12% immediately after the announcement.
The new contracts offer up to 50x leverage, expanding trading accessibility and speculative potential for the tokens.

GWEI Price Climbs 30% on New Binance Contract Listing

On January 29, 2026, the GWEI token's price climbed 30% after Binance announced the launch of a GWEI/USDT perpetual contract. The exchange also listed a new contract for the BIRB token, which saw its price increase by 12%. This immediate market reaction highlights the significant influence Binance listings have on the valuations of smaller-capitalization altcoins, reinforcing the 'Binance effect' where a listing acts as a powerful price catalyst.

50x Leverage Offering Expands Trading Options

The newly introduced perpetual contracts allow traders to use up to 50x leverage, enabling them to open larger positions with less initial capital and amplifying potential returns and risks. These contracts do not have an expiration date, providing more flexibility for various trading strategies. Furthermore, Binance's multi-asset mode allows traders to use other cryptocurrencies as collateral, lowering the barrier to entry and likely attracting increased speculative interest to both GWEI and BIRB.