Don't Just Read the News, Understand It.
Published loading...Updated

SOPH token drops 24.97% after $900M airdrop, despite strong TVL growth - BTC Ethereum Crypto Currency Blog

Summary by BTC Ethereum Crypto Currency Blog
Binance applied a “seed tag” and launched futures trading with up to 75x leverage. On-chain TVL reached $20.28 million with DEX volume peaking at $47.44 million. A further 20% supply unlock is scheduled to begin in three months. Sophon’s utility token, SOPH, fell by 24.97% within 24 hours of its market debut on Binance and several other exchanges, shedding over $80 million from its market capitalisation. The steep decline followed a large-scale …
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

Bias Distribution

  • There is no tracked Bias information for the sources covering this story.
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

BTC Ethereum Crypto Currency Blog broke the news in on Thursday, May 29, 2025.
Sources are mostly out of (0)