GENIUS has started trading on Binance Futures, with the GENIUSUSDT perpetual contract opening at 03:30 UTC on April 16. The launch landed at the same time as a supply update from the project, after the Season 1 fee claim-back window officially closed. That combination quickly shifted attention from listing headlines to circulating supply and price behavior.
New perpetual contract adds round-the-clock leveraged trading
Perpetual futures let traders take positions on price moves without a fixed expiry. According to the project update on X, the new pair runs 24/7 and offers up to 20x exposure. Fresh futures listings often bring unstable early trading, and that pattern tends to be more visible when leverage is available from the start and price discovery continues without interruption.
Season 1 claim-back period ends, burn figure disclosed
The listing came with another development. Genius Foundation said the 100% fee airdrop claim-back window for Season 1 had ended. It also stated that 3.99% of the planned 7% allocation has been burned permanently, removing part of the supply that had previously been set aside.
The foundation added that final results will be released on April 20 at 5 PM EST. The source note said that timing would fall in the early hours of April 21 for readers in India, assuming no change to the posted schedule.
Weekly gain hit 200% before a fast pullback
On the market side, the chart showed a rebound after an extended decline. CoinMarketCap data placed GENIUS at $0.5853, with the token up as much as 200% over the past week. Its market capitalization was reported at $47.11 million. Price then moved into the $0.70 to $0.75 area before retreating quickly, a move that pointed to profit-taking after the rally.
The drop from below the breakout region back to around $0.58 highlighted how quickly sentiment can reverse after a sharp run. The futures listing and the supply update arrived at the same moment, and both fed into the volatility.
$0.55 area becomes the near-term level to watch
For now, GENIUS is sitting near what the report described as a key support band. If the token holds between $0.55 and $0.58, traders may turn back to $0.62. If price pushes higher from there, the next areas under watch remain $0.70 and $0.75.
If $0.55 breaks, downside pressure could build quickly. In that case, $0.52 may reopen, with $0.48 also back in focus. The next scheduled data point for the market is the April 20 results notice, while short-term trading continues to center on whether support can hold.