陈小艺
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Binance Alpha is about to launch, what is the reasonable valuation of SOON, the representative of the SVM track?
Yesterday, the high-performance Rollup project SOON based on Solana Virtual Machine (SVM) officially opened the airdrop query. Early participants like Red Pill Cabal and Seasoned Sooners can check the allocation on the official website and pre-deposit tokens to four exchanges: Bitget, Gate.io, KuCoin, and MEXC. SOON CEO Joanna Zeng stated that this is just the first step in the project’s development, and subsequent OKX Early Access will provide more opportunities to obtain tokens.
Binance Alpha is about to launch, market is focused on reasonable valuation.
On May 23, SOON will open trading on the Binance Alpha platform, and eligible users can use Alpha points to claim airdrops. Currently, SOON is quoted at $0.388 in the pre-market trading on Bitget. Based on a total supply of 1 billion tokens, the FDV (Fully Diluted Valuation) is approximately $388 million. Considering that the initial circulation might be between 15% and 20%, the actual circulating market value is expected to be in the range of $60 million to $80 million.
Community sentiment is polarized, KOLs are the biggest winners.
This airdrop has sparked heated discussions on social media, with some users expressing dissatisfaction with the allocation rules:
KOL advantages are obvious: KOLs who actively promote SOON on the X platform receive more airdrops, while small accounts that "brainlessly interact" earn less.
Early participant cost dilution: Users from the SOONests round (at $0.31) and SOONer round (at $0.28) through NFT fundraising have seen their actual costs reduced to $0.2-$0.28 due to additional airdrop rewards.
Live trading copy product is about to launch, expanding trading scenarios.
SOON co-founder Joanna announced that the live trading copy platform simpfor.fun V2 will go live this week, supporting gold, US stocks, and other RWA assets, and introducing the LiveTrade feature, allowing viewers to copy trades with one click on live platforms like Twitch. Streamers can earn up to 80% in referral commissions, further promoting community engagement.
Market outlook: cautiously optimistic.
With Bitcoin nearing historical highs and the anticipation of Binance Alpha's listing, the short-term performance of SOON is worth noting. The current pre-market price has limited premium over community costs, but the risk of market volatility should be watched. As the SVM ecosystem develops, whether SOON can become a representative project of this track still needs to be observed regarding technological implementation and user growth.
$BTC $BNB $SOL #币安Alpha推出MERL交易竞赛 #GENIUS稳定币法案 #币安LaunchpoolHUMA
Yesterday, the high-performance Rollup project SOON based on Solana Virtual Machine (SVM) officially opened the airdrop query. Early participants like Red Pill Cabal and Seasoned Sooners can check the allocation on the official website and pre-deposit tokens to four exchanges: Bitget, Gate.io, KuCoin, and MEXC. SOON CEO Joanna Zeng stated that this is just the first step in the project’s development, and subsequent OKX Early Access will provide more opportunities to obtain tokens.
Binance Alpha is about to launch, market is focused on reasonable valuation.
On May 23, SOON will open trading on the Binance Alpha platform, and eligible users can use Alpha points to claim airdrops. Currently, SOON is quoted at $0.388 in the pre-market trading on Bitget. Based on a total supply of 1 billion tokens, the FDV (Fully Diluted Valuation) is approximately $388 million. Considering that the initial circulation might be between 15% and 20%, the actual circulating market value is expected to be in the range of $60 million to $80 million.
Community sentiment is polarized, KOLs are the biggest winners.
This airdrop has sparked heated discussions on social media, with some users expressing dissatisfaction with the allocation rules:
KOL advantages are obvious: KOLs who actively promote SOON on the X platform receive more airdrops, while small accounts that "brainlessly interact" earn less.
Early participant cost dilution: Users from the SOONests round (at $0.31) and SOONer round (at $0.28) through NFT fundraising have seen their actual costs reduced to $0.2-$0.28 due to additional airdrop rewards.
Live trading copy product is about to launch, expanding trading scenarios.
SOON co-founder Joanna announced that the live trading copy platform simpfor.fun V2 will go live this week, supporting gold, US stocks, and other RWA assets, and introducing the LiveTrade feature, allowing viewers to copy trades with one click on live platforms like Twitch. Streamers can earn up to 80% in referral commissions, further promoting community engagement.
Market outlook: cautiously optimistic.
With Bitcoin nearing historical highs and the anticipation of Binance Alpha's listing, the short-term performance of SOON is worth noting. The current pre-market price has limited premium over community costs, but the risk of market volatility should be watched. As the SVM ecosystem develops, whether SOON can become a representative project of this track still needs to be observed regarding technological implementation and user growth.
$BTC $BNB $SOL #币安Alpha推出MERL交易竞赛 #GENIUS稳定币法案 #币安LaunchpoolHUMA
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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