OpenLedger token jumps 4x after major crypto exchange listings

OpenLedger token jumps 4x after major crypto exchange listings
AI Blockchain OpenLedger rises sharply following $15M backing

​The listing of blockchain project OpenLedger (OPEN) on major crypto exchanges sent the token’s price soaring fourfold to $1.6, reaffirming the strong potential of AI-powered blockchain projects.

OpenLedger is an artificial intelligence-based blockchain positioning itself as an “application factory,” aiming to integrate fragmented and non-compensated data sets used in the AI industry, estimated at $500 billion.

The network promises ecosystem participants access to liquidity for monetizing data, models, applications, and agents, while enabling training, deployment, and tracking of specialized AI models and datasets on-chain. It addresses key challenges such as transparency, attribution, and verifiability in AI.

Highly anticipated listing and frenzied trading

The project is backed by Polychain Capital, Borderless Capital, Polygon co-founder Sandeep Nailwal, former Coinbase CTO Balaji Srinivasan, and several other venture firms. In addition, OpenLedger partnered with Trust Wallet to create an AI-powered crypto wallet. The project has raised a total of $15 million.

OPEN price dynamics for 24 hours. Source: CoinMarketCap

All these factors, along with OpenLedger being labeled as the “first blockchain purpose-built for AI” even before listing, fueled frenzied trading and a price surge of more than 4x. At its peak, the token traded at $1.85 compared to the day’s low of $0.43. At the time of writing, the price had corrected below $1.50.

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