Sophon SOPH skyrockets 10X after launch and token listing on OKX and Binance. The Ethereum layer-2 wants to be the go-to platform for entertainment dapps and is simplifying onboarding.
While everyone is watching Bitcoin, Solana, BNB, and some of the best cryptos to buy in June, Sophon is making remarkable moves.
Coincidentally, the Sophon rally is when the total crypto market is down 1.3% to $3.4 trillion at press time, with meme coins like Dogecoin falling.
SOPH Up 10X After Listing
SOPH, the native token, is up nearly 10X at press time, outperforming even some of the best Solana meme coins.
The rapid expansion seen on May 28 has yet to be confirmed. Currently, the token is moving sideways.
Although bulls are optimistic, the local resistance is at $0.07. It must be decisively broken for buyers to confirm gains from late last month.
On the lower end, primary support is at $0.048. For the upside to continue, Sophon bulls must defend this level.
If not, prices could drop by over 50%, reversing the gains of May 28.
What Is Sophon?
It is an Ethereum layer-2 solution built using zkSync tech, adopting the Elastic Chain architecture.
Its goal is to bridge web2 and web3 experiences while tapping into the vast Ethereum ecosystem.
E123: @Sophon: The Crypto Social Oracle is here!
This conversation is perfectly timed with the Sophon token launch that happened yesterday – join me & @0xsebastiena as we go deep into:
– Monetizing attention & decoding the Social Oracle
– ADHD as a superpower for building epic… pic.twitter.com/jC4UrLP73Q— MR SHIFT ? (@KevinWSHPod) May 29, 2025
What makes Sophon unique is its elimination of complex wallet setups.
Users can connect using familiar methods like Google or Apple accounts, creating a non-custodial wallet in the background.
Additionally, it supports gasless transactions via the paymaster offered by zkSync. This tech allows users and developers to enjoy a web2-like experience without holding SOPH for transactions.
As it launches, Sophon aims to be a key player in entertainment verticals like gambling, ticketing, and sports betting.
Its proprietary zkTLS technology enhances user privacy, while Sophon AI powers data provision and predictions. The AI will also reward users using zkTLS.
Will Sophon Continue Rallying?
While Sophon has ambitious plans to revolutionize entertainment, SOPH bulls must drive prices above May 2025 highs.
For this to happen, fundamental factors must boost demand, as momentum is currently fading.
The initial excitement and surge followed the listing of SOPH, the native utility token of Sophon, a layer-2 platform built using ZK Stack, on multiple exchanges, including OKX and Binance.
A 30 million SOPH “trade-and-earn” pool fueled demand, encouraging users to buy and hold on OKX.
$SOPH is coming to OKX
Users eligible for the SOPH airdrop receive a 5% BONUS allocation when claiming through the OKX Exchange!
To receive this bonus, you must register through a special claim flow.
Details below ? pic.twitter.com/H9DNRhXwcJ
— sophon (@sophon) May 23, 2025
Additionally, a 5% bonus for airdrop allocations was offered to early supporters with OKX accounts.
This flurry of attractive incentives, combined with a Binance listing and the release of SOPH/USDT perpetual futures, drove SOPH to a high of $0.07 on May 28.
More partnerships are expected in the future. If additional entertainment dapps are built on Sophon, SOPH could rise further.
Thus far, the platform has announced a collaboration with Octane Security.
We're excited to be the official security partner for @sophon’s Canvas program, a $4M launchpad for the next wave of consumer crypto apps.
Teams in Canvas get an Octane AI security review before launch to catch critical bugs early. ?️⚡ pic.twitter.com/XySbrktuXf
— Octane Security (@octane_security) June 2, 2025
The firm will serve as the official security partner for the Sophon Canvas program, a $4 million launchpad expected to drive the next wave of consumer dapps on Sophon.
Hedge Empire will be the first major game to launch on the Canvas.
Introducing @HedgeEmpire – the first major game launching from Sophon Canvas.
Build your Wall Street empire through strategic hiring, office expansion, and AI-powered trading algorithms. It's SimCity meets high finance, where every decision compounds into trading dominance. pic.twitter.com/lUOYmylaOP
— sophon (@sophon) May 30, 2025
Every project building on it will receive a comprehensive AI security review before launch.
