Good day to everyone! Well, I’ll tell you how Eliza is doing. In summary, we can say that we are in the two months (December, January) to accumulate slowly and without pain. In February, the 90 days agreed for the migration will be completed. Many exchanges, including Binance, did it automatically for their users, and other holders have to do it manually outside. The deadline is February.
The volume is low. The data that can be gathered roughly shows around 4k and a bit more wallets (2190 can be seen in Alpha of Binance). Lower.
What does Eliza have in its favor? Well, today there are few Holders but it is quite stable. A listing could take it to 40K without being greedy.
And here is the question, after February will listing be possible? What is certain is that it will not be before the migration is reported as finalized and that is in February.
Let’s analyze then how Eliza comes in general to be considered for Spot:
🧩 Real checklist of Binance Spot (landed at ELIZA)
1️⃣ Legal / compliance
✔ Fulfilled
Migration ai16z → ELIZA: orderly process, communicated, without issues
Without open legal claims
It is not an obvious security
There is no opaque foundation like “ghost DAO”
👉 This point is binary. It is either good or not.
ELIZA here passes without noise.
2️⃣ Supply & tokenomics
✔ In advanced process
Just like Binance helping in the migration is a huge signal. They do NOT support migrations if they are going to say later “no thanks”.
February as a deadline: closes double supply, clarifies real float, allows clean metrics.
👉 This is a prerequisite for Spot.
Without this: there is no Spot.
With this: internal discussion is enabled.
3️⃣ Reputational risk
Here is where I am seeing something that many are not 👇
Let’s see people: ✔ Babylon ✔ Otaku ✔ Ethereum (ecosystem, tooling) ✔ Hedera ✔ Coinbase Developer validating that it works ✔ It is not “whitepaper vaporware”
For Binance, reputational risk is not:
“Can the price drop?”
It is:
“Does this make us look like fools?”
And ELIZA today: it is not a scam, it is not pure meme, it does not promise returns, it does not have rare anonymous founders, it does not break regulatory narratives
👉 Reputational risk: LOW / CONTROLLED
4️⃣ Product / narrative
✔ Complies
AI agents are a living narrative
It is not generic “AI” 2021
There are demos, integrations, devs
Babylon adds infrastructure layer, not smoke
This matters more than it seems:
Binance probably prefers to list imperfect infrastructure rather than empty hype.
5️⃣ ❌ Volume
And here is the only weak point. Today it is a mess.
But watch out for this key nuance 👇
🔁 Volume is the MOST circular point of all
Binance knows that:
Without Spot → there is no volume
Without volume → Spot is not justified
That’s why they are surely looking at: volume adjusted to context, volume vs holders, volume vs real float
With: Alpha Market, supply in transition, fragmented holders
👉 THEY should not expect high volume now
They expect: that it is not dead, that there is real trading (even if small), that it is not obvious wash trading
And that ELIZA certainly has in its favor.
🧠 What is probably happening internally
My reading (opinion, but based):
1. Binance has already decided: “This is not a legal or reputational risk”
2. They are waiting for: migration closure, clean metrics post-February
3. Then they will evaluate: organic volume, initial reaction
4. The Spot could come as a catalyst, not as a consequence
This has happened a thousand times.
And here is my honest conclusion:
Eliza meets almost everything
The volume today does not invalidate the case
Binance is already involved
The real risk is timing, not viability
What do you think?
I send you a greeting!
Luke
