News: The three major exchanges ignite enthusiasm, with capital backing providing support.
Binance, some KX, and some PBIT simultaneously launch SOPH, opening spot + 50x contracts, directly igniting market trading volume, with first-day volatility exceeding 30%. Backed by Binance Labs, OKX Ventures, and others investing $70 million, node sales financing of $60 million, and institutional bets on the Web3 entertainment ecosystem (gaming + AI). 57% of token distribution goes to the community, with airdrops and node incentives attracting retail investors, but the team locks 25% of tokens for 12 months, keeping short-term selling pressure manageable.
Technical Analysis: Seeking support amidst high volatility, leverage risks are prominent
Current price 0.051 (close to the lower limit of the opening range), down over 40% from the high of 0.088, with 0.03 being a key support (seed round cost) 37. The 24-hour trading volume exceeded 136 million RMB, but Binance's high-leverage contracts have intensified volatility, greatly increasing the risk of liquidation. The technical outlook is under pressure; if it falls below 0.05, it may test previous lows, and a rebound needs to stabilize above 0.06 with increased volume.
Operation Summary: Wait for signals to buy the dip, looking long-term at the ecosystem.
Short-term: Lightly test near 0.05, stop loss at 0.048 if it breaks; reduce position if it rebounds to 0.06.
Long-term: Focus on ecosystem implementation (GamerFi platform, AI integration), with daily active users of 500,000 possibly pushing the price to $0.2.
Risk: Be cautious with high-leverage contracts; node token unlock (36 months linear release) may trigger phase selling pressure.
After the frenzy of new coins, value ultimately prevails; can Sophon's invisible blockchain story support the dream of one billion users? For more insights into the crypto world, click my avatar and follow me. Enjoy the deployment of potential hundredfold coins in the bull market and daily spot strategies!
