Sophon (SOPH) surged more than 124% in just one day after Binance and MEXC announced its listing and launched major promotional events. The token’s price jumped from $0.015 to a peak of $0.0337 on May 28, driven by a sharp rise in volume and user demand.
SOPH Doubles After Binance Airdrop and MEXC Listing Ignite Trading Frenzy
Binancelisted SOPH as part of its HODLer Airdrop program, giving away 150 million tokens to BNB holders who had staked their tokens between May 14 and May 17. These users received SOPH directly in their spot wallets. Trading started at 13:00 UTC with five trading pairs, including SOPH/USDT. Binance added a “Seed Tag” to SOPH, alerting users that the project is still new and comes with risk.
Soon after the listing, SOPH’s price more than doubled. The 1-day chart showed a strong price candle backed by a trading volume of 1.24 billion tokens. The rally pushed the token well above its listing level.
MEXC added fuel to the surge on May 29 by listing SOPH with a $30,000 reward campaign for new users who deposit the token. Trading on MEXC started with high volume, and the price climbed from $0.015 to $0.018 in the first hour. The token then stabilized near $0.017. This activity showed strong demand from both new and existing traders on the platform.
Sophon’s Tech and Real-World Apps Show Utility Beyond the Hype
Sophon was built using zkSync’s ZK Stack and runs as a Layer-2 chain focused on entertainment apps. The network uses a Validium structure that keeps data off-chain but still secured by Ethereum. Its architecture makes it ideal for high-speed apps with low gas fees. The project focuses on blockchain use in gaming, AI chatbots, and NFT ticketing systems.
Binance Labs and several other investors backed Sophon early, helping the team raise over $70 million. So far, more than 5,800 users have purchased over 120,000 node licenses, which could support future network validation and operations.
SOPH also powers several live applications. One of them is Petopia, a game with over 220,000 users. Another is OPEN, a platform that issues millions of NFT tickets each year. Sophon also runs an AI division that funds bots capable of using crypto for online actions. These projects help the token move beyond hype and show actual use cases.
The SOPH token supply is capped at 10 billion, with part of it already in circulation. A portion goes to early users, investors, and the project foundation. The rest will support apps, grants, and farming incentives that boost on-chain activity.
The price rise comes as crypto markets show signs of strength. On May 29, Bitcoin hovered above $67,000 and the NASDAQ index gained 0.5%, creating a risk-on mood. That market trend, along with the airdrop and trading events, helped SOPH gain attention fast.
