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.
Sophon
11.78%
Sophon
SOPH1
Price
$0.006055
11.78% /24h
Volume in 24h
$1.87M
Price 7d
#Binance is excited to announce the Sophon (SOPH) HODLer Airdrop – @sophon $SOPH.
BNB Holders, get ready! The Airdrop page will be available on the Binance Airdrop Portal in 5 hours. Plus, this token will be listed on Binance soon!
👉 https://t.co/MmDCtt1i0p pic.twitter.com/CnikDYgWTa
— Binance (@binance) May 28, 2025
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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.
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Key Takeaways
- Trump’s Bitcoin custody deal positions Trump Media as a major Bitcoin holder.
- Airdrop rewards were underwhelming, disappointing many node owners.
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