Sophon Crypto Just Launched: Why Is It Dumping?

Markets 2025-11-21 17:06

Sophon crypto is a modular blockchain powered by the popular zkSync. The launch was not as successful as the team anticipated, at least. It fell over 30% in the first few hours, and investors are now wondering if they should buy.SophonSOPH1Price$0.01636.54% /24hVolume in 24h$5.81MPrice 7d

Sophon Crypto Product And Token Launch

Sophon considers itself the operating system for crypto-powered consumer experiences. It offers the tools to build smooth, user-friendly products that harness the advantages of blockchain without the complexity.

The project Products has been running for over a year since its initial fundraising in 2024. Sophon raised over 10M in a funding round that included notable names like The Spartan Group, OKX Ventures, HTX Ventures, and Maven 11 Capital. Furthermore, they sold over 35M nodes with Binance Labs included in another undisclosed raise.

As per DeFiLlama, Sophon’s mainnet currently has a total value locked (TVL) of 18M only. Their mainnet arrived late last year, and currently, there are a variety of apps built upon it. The apps range from games to DeFi, like the main swapping protocol SyncSwap. You can interact with most of the games and DeFi apps available to earn rewards. 57% of the supply goes to the Sophon community, which includes the following rewards.

On 23 May, they announced the anticipated token launch and airdrop claim portal for the node owners. Today, the coin launched, and the price instantly dropped over 30%. The drop was expected after what happened to the zkSync price action over the year and, of course, the airdrop sellers. Many people are calling the airdrop a disappointment due to the minimal rewards they received compared to the effort they put in.

The token launched at a market cap of over 150M. Most major exchanges like Binance, OKX, Gate, MEXC, KuCoin, Bitget, and others have already listed it. While it seems like a legitimate project with that valuation and very low TVL, there is still a lot of time for things to unfold. Only time will tell how it develops. Meanwhile, there are lots of better opportunities in the market; check out this presale that is running out of time to buy.

MIND OF PEPE Meme And AI Agent Presale With Only 2 Days Left To Buy

Raising 10M, MIND of Pepe ($MIND) is an innovative cryptocurrency project. It’s the first major meme coin to integrate cutting-edge AI technology with memes. Investors always look to these trending crypto narratives, and this coin stands out as more than just another AI token. It’s a working product with genuine and real utility, designed to meet the demands of today’s crypto trading market.

An AI-powered agent for crypto, designed to help users find real-time profit opportunities. By integrating Retrieval-Augmented Generation (RAG) and live market data via REST APIs, it continuously monitors blockchains, dApps, and social media in real time. This feature gives users useful insights to identify genuine opportunities amid the market noise.



At the current price of $0.00375, it gives early participants in the presale a staking option, allowing them to stake their coins and earn passive income with an impressive APY of up to 215%. Experts predict the price of MIND to hit $0.0095 by the end of the year. That’s about 4 times the current price. But as always, DYOR.

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This content is for informational purposes only and does not constitute investment advice.

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