#SOPHOnBinance (SOPH) is currently trading at approximately $0.0564, reflecting a 17.6% decline over the past 24 hours. The token experienced a significant drop shortly after its launch on Binance on May 28, 2025, primarily due to a large airdrop of 900 million tokens, which led to increased selling pressure.
Despite the initial downturn, Sophon has garnered attention for its potential in the Web3 entertainment space, backed by Binance Labs and built on the zkSync Layer-2 network. Analysts suggest that if SOPH can overcome current resistance levels, it might rally towards $0.10.
