Nansen launches new crypto trading chatbot (www.axios.com)

Nansen launched Nansen AI, a chatbot built on the company’s on‑chain database of top traders across more than two dozen public blockchains. Designed as a “research team in your pocket,” the tool answers trading questions, explains reasoning, and—eventually—will run autonomous trading agents that can execute rule‑based strategies (for example: buy ETH after a 2% drop, sell at +4%, repeat). The company is already testing internal trading agents, plans a public release by year‑end, and is lowering its entry price from $99 to $69/month as it rolls the offering out. Under the hood Nansen currently runs Anthropic’s Claude but continues to benchmark other LLMs (ChatGPT, Grok) and emphasizes domain‑specific training on its Nansen data, realtime market updates, and social feeds like X. It offers “fast” and “expert” response modes and customizes output to a user’s portfolio. Key implications: the product democratizes sophisticated on‑chain research and could automate 24/7 retail trading using institutional signals, increasing access to liquidity and strategy automation. Key risks remain: model hallucinations, adherence to trading rules, operational and regulatory exposure, and the usual financial risk of automated strategies—Nansen says it’s actively testing safety and urging users to verify bot recommendations.