“$AIN deposits are now enabled on Binance, Gate, KuCoin, MEXC, and other exchanges,” Infinity Ground wrote on X on 29 October. The project has not posted since. Eight days later, Infinity Ground AIN fell from $0.268 at Thursday’s close to $0.111 at 17:00 UTC on Friday 6 November, a drop of 59%, according to Binance futures prices. On Binance, AIN trades as a futures contract.
Most of the fall came in one hour. The project’s AIN buyback address, which it named itself, has sent nothing out. Open futures contracts still equal about half of supply.
Infinity Ground’s posts, and the price around them
The project’s X account gives a dated record. On 7 September it said the AIN ticker would be replaced with a new one at some point, with the same token contract. On 16 September AIN fell 86% in a day on Binance futures, from $0.172 to $0.023. On 5 October the project wrote that “an error by a third party” had caused a sharp decline on 16 September, and that a new funding round had closed.
On 13 October it said its AIN buyback address had acquired about $3 million of AIN. On 29 October it said deposits were enabled again and named an incoming chief executive, James. The price had started climbing on 26 October, three days before that last post, from $0.038 to a Binance futures high of $0.34 on 1 November, about nine times higher.
What the AIN buyback address holds
The 13 October post named the address the project uses for the AIN buyback and reported the buyback as still ongoing.
On BscScan, the address Infinity Ground named holds 71,638,081 AIN, or 7.2% of the 1 billion maximum supply. It received them in 22 transfers on 12 October between 08:40 and 15:08 UTC, 20 of them through a Binance Alpha 2.0 router, and has sent nothing out. At Friday’s price the AIN buyback holding is worth about $8 million, against the $3 million the project reported.
The fall, the open contracts and the chart
The fall began shortly before midnight UTC and sped up after 00:00 on Friday. In that hour AIN went from $0.268 to $0.132, with a low of $0.124, and $62 million of AIN futures changed hands on Binance, more than 11 times the hour before. We found no Binance notice about AIN this week, and the project’s last post is the one from 29 October. The AIN buyback address did nothing that hour: its last transfer of any kind was on 12 October.
Contracts that traders have opened and not yet closed are called open interest. On Binance they peaked at 320.9 million AIN at 02:00 UTC on 31 October and numbered 164 million on Friday afternoon. Binance’s market data puts AIN’s circulating supply at 319 million, so the open contracts cover about half of it. Counted in dollars, open interest fell further, from $72 million at the peak to $18.7 million, because each token is worth less.
Binance’s account ratio shows the other side of the book: accounts betting on a rise were about a third of the total on 4 November and 55% on Friday. Binance futures have also led trading in two other small tokens this month, Akedo and CYBER.
AIN trades near $0.111. The four-hour chart marks the box between $0.1374 and $0.2654, where the fall moved fast and little trading took place. Price sometimes returns to such gaps. If a four-hour candle closes above $0.1374, the next area is $0.2654, where Thursday’s fall began. If candles keep closing under $0.1122, the bottom of the smaller box, the chart has no earlier trading above the October base to mark support. Both readings lapse once price crosses back over the line that set them: under $0.1374 for the upside, over $0.1210 for the downside.
At Friday’s price, Binance’s 164 million open contracts are worth about $18.7 million, close to AIN’s entire market value on CoinGecko, which is about $21 million.
