Sophon SOPH Sees Price Boost Post-Launch and Listing: What’s Fueling the Surge?
Sophon SOPH leaps 10X following its launch and crypto token debut on OKX and Binance. This ETH layer-2 aims to become the leading network for entertainment dapps while streamlining the onboarding process.
As attention remains on BTC, Solana, BNB, and several of the top cryptocurrencies to invest in during June, Sophon is executing impressive maneuvers.
Interestingly, the Sophon surge coincides with a 1.3% decline in the total crypto market, bringing it down to $3.4 trillion at the time of this report, while meme coins like Dogecoin are experiencing drops.
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SOPH Rises 10X Post-Listing
SOPH, the primary coin, is up close to 10X at the moment, surpassing even some of the leading Solana meme tokens.
The swift rise observed on May 28 remains unverified. Currently, the coin is stabilizing.
Though traders are hopeful, immediate resistance points at $0.07 must be significantly breached for purchasers to validate gains from late last month.
On the downside, key price floor is set at $0.048. To maintain upward momentum, Sophon proponents need to uphold this threshold.
Failure to do so may lead to a price drop exceeding 50%, negating the achievements made on May 28.
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What Is Sophon?
It is an Ethereum layer-2 solution leveraging zkSync technology, utilizing the Elastic Chain infrastructure.
Its aim is to bridge the gap between web2 and web3 experiences while harnessing the extensive Ethereum ecosystem.
E123: @Sophon: The Crypto Social Oracle is on the scene!
This discussion coincides perfectly with the Sophon crypto token launch that occurred yesterday – join me & @0xsebastiena as we delve into:
– Monetizing attention & exploring the Social Oracle
– ADHD as a superpower for crafting epic… pic.twitter.com/jC4UrLP73Q— MR SHIFT
(@KevinWSHPod) May 29, 2025
A distinct feature of Sophon is the removal of complicated crypto wallet setups.
Users can connect through familiar options such as Google or Apple accounts, while a non-custodial digital wallet is created in the background.
Moreover, it facilitates gasless transactions through the paymaster provided by zkSync. This technology allows users and developers to have a web2-style experience without needing to long-term holding SOPH for transactions.
As it rolls out, Sophon seeks to establish itself as a crucial entity in entertainment sectors like gambling, ticketing, and sports betting.
Its proprietary zkTLS technology boosts user privacy, while Sophon AI fuels data provision and anticipations. The AI will also grant rewards to users employing zkTLS.
Will Sophon Sustain Its Rally?
While Sophon harbors visionary plans to transform the entertainment sphere, SOPH investors must propel prices above the peaks seen in May 2025.
For this to occur, fundamental elements need to heighten market demand, as current momentum appears to be waning.
The initial enthusiasm and rise followed the introduction of SOPH, the native utility coin of Sophon, a layer-2 framework based on ZK Stack, across multiple venues, including OKX and Binance.
A 30 million SOPH “trade-and-earn” pool stimulated demand, prompting users to acquire and hold on OKX.
$SOPH is launching on OKX
Users eligible for the SOPH airdrop benefit from a 5% BONUS allocation upon claiming through the OKX Trading network!
To obtain this bonus, registration through a special claim process is necessary.
Details below
— sophon (@sophon) May 23, 2025
In addition, a 5% bonus for airdrop allocations was available for early backers with OKX accounts.
This array of enticing incentives, along with a Binance listing and the introduction of SOPH/USDT perpetual futures, propelled SOPH to peak at $0.07 on May 28.
Further collaborations are anticipated ahead. If more entertainment dapps are developed on Sophon, SOPH could ascend even more.
To date, the platform has declared a partnership with Octane Security.
We’re thrilled to be the official safety partner for @sophon’s Canvas initiative, a $4M launchpad for the upcoming wave of consumer crypto applications.
Teams participating in Canvas receive an Octane AI security assessment prior to launch to identify critical bugs early.
— Octane Safety (@octane_security) June 2, 2025
The company will act as the official protection partner for the Sophon Canvas program, a $4 million launchpad poised to spur the next generation of consumer dapps on Sophon.
Hedge Empire will be the inaugural major game to debut on the Canvas.
Introducing @HedgeEmpire – the first significant game launching from Sophon Canvas.
Establish your Wall Street empire through tactical hiring, office growth, and AI-boosted trading strategies. It’s SimCity meets high finance, where each choice compounds into trading supremacy. pic.twitter.com/lUOYmylaOP
— sophon (@sophon) May 30, 2025
Every initiative being developed on the platform will undergo a detailed AI safety audit prior to launch.
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Sophon SOPH Up 10X: What Is Driving This ETH Layer-2 Surge
- SOPH skyrockets 10X after its launch
- SOPH trading across various exchanges, including OKX and Binance
- Sophon is an ETH layer-2 focusing on entertainment dapps
- Will it attract developers? Partners with Octane Security for instant AI protection audits
The post Sophon SOPH Soars After Launch and Listing: What’s Fueling Price Growth? appeared first on 99Bitcoins.
