Cluster Protocol's CP, an AI-infrastructure token on Base, listed on OKX and Coinbase on September 2 and 3, 2026, and on Upbit and Bithumb on September 8. It jumped 288 percent on September 3 and now trades near $0.0113, 76 percent below its September 2 high of $0.04629.

Where it stands

OKX opened CP/USDT spot trading on September 2 at 14:30 UTC. Coinbase put CP on its roadmap on August 18, said on September 1 that it would list the token, ran auction mode on September 2 and activated full trading on September 3. Crypto Briefing put the price near $0.038 at activation.

Other venues followed within hours. Interactive Crypto reported KuCoin and BingX debuts on September 2, and Coingabbar's venue table adds Bitget, MEXC, Gate and the Aerodrome exchange on Base. Bitget also ran a Launchpool from September 2 to 7 that paid 7,777,777 CP in rewards: 7,111,111 to BGB lockers and 666,666 to CP lockers.

Figure 01CP's route to major venues, from BitcoinWorld, Bitcoin Sistemi, The Cryptonomist, Crypto Briefing and Upbit's notice.

Upbit posted its CP notice at 12:21 KST on September 8 and opened KRW, BTC and USDT pairs at 14:30 KST. Deposits run only on Base. Upbit's previous-day close, used as the reference, was 26.05 won. Blockmedia reported that Bithumb opened its own won market the same day, scheduled for 15:30 KST. Crypto Briefing gave a different Upbit time, but Upbit's notice sets 14:30.

The price path was violent. Interactive Crypto reported a 287.7 percent jump to $0.03875 on September 3 and a 9.9 percent drop to $0.03684 the next day. Coingabbar recorded the all-time high at $0.04629 on September 2.

On September 4, Coingabbar said, 24-hour volume of $318.5 million dwarfed a market cap of $46.03 million. On October 7 CoinGecko showed $0.0113, down 6.3 percent in 24 hours and 10.7 percent in seven days. The market cap was $15.47 million and daily volume $2.18 million. The price sits 0.5 percent above the all-time low of $0.01124.

Reported CP prices, in US cents
0¢ 2¢ 4¢ Sep 2 high: $0.04629 $0.04629Sep 2 high Sep 3: $0.03875 $0.03875Sep 3 Sep 4: $0.03684 $0.03684Sep 4 Oct 7: $0.0113 $0.0113Oct 7
Figure 02September 2 all-time high (Coingabbar), September 3 and 4 prices (Interactive Crypto) and October 7 (CoinGecko). Bars are in cents; labels give dollars.

What CP is and how the supply splits

The project's main site describes an orchestration layer for autonomous workflows, a no-code tool to design, deploy and tokenize apps and agents. Its hub and Bitget's launch material describe an AI infrastructure layer on Base: shared GPU compute, an OpenAI-compatible inference API over several hundred models, a dataset marketplace and agent payments over x402, the Base payment standard. CP pays for inference, datasets and compute, with staking and governance on top.

Criptovaluta and Bitnoticias put total supply at 5 billion CP. Community gets 40.38 percent, the foundation 21 percent on 36-month vesting with a 3-month cliff, the team 17 percent, Series A investors 9.33 percent, liquidity 8 percent and seed angels 4.29 percent. About 27.38 percent circulated at listing, or 1.36 billion CP, and CoinGecko shows 1.369 billion today. Roughly 3 billion tokens are due to unlock over the 30 months after the first 12.

Figure 03CP allocation across a 5 billion total supply, from Criptovaluta and Bitnoticias. About 27.38 percent circulated at listing.

Sources disagree. Tokenomics.com lists community at 55 percent, including a 15 percent airdrop pool, foundation at 30 percent and insiders at 15 percent. The same page shows a 1 billion maximum supply beside 5 billion total, so we use the Criptovaluta split and flag it as unconfirmed.

Risks and open questions

The community bucket invites an airdrop question. The project's site carries no claim page, and we found no snapshot date or eligibility terms. Bitget's Launchpool paid CP out hourly in proportion to locked volume, but that was an exchange campaign. Any site offering a CP claim should be treated as a drainer.

Supply is the structural risk. About 3.6 billion tokens remain locked against 1.37 billion circulating, and the largest unlock stretch begins after the first 12 months. Volume has fallen from a multiple of market cap on September 4 to a small fraction of it, which is what a listing-driven market looks like once attention fades. The exchange listings guide explains that pattern.

Coinbase has listed a run of Base-native tokens this summer, from Aligned's ALIGN to the memecoin BASECAT, and an AI payments protocol on the exchange's own chain fits that pattern. A listing shows the token was likely to be added. It says nothing about future value.

What to watch:

  • Any published claim terms for the community allocation.

  • Volume on the Upbit won pair compared with OKX.

  • The start of the large unlock stretch, after month 12.

Nothing here is trading advice.

Not financial advice Listings often spike and then fade once the first wave of buyers is done. Nothing here is a suggestion to buy this token. Check dates on the exchange's own announcement page before trading: schedules slip. Our listing reaction data shows how new listings have typically traded.