What exactly is $SOON, which was retweeted by the co-founders of CZ, Solana, and one of the founders of Base?
SOON is a high-performance Layer 2 solution that utilizes SVM parallel processing capabilities, aimed at solving the scalability, interoperability, and user experience issues of blockchain through modular design. It builds a decentralized narrative through fair launches and community governance, while breaking down single-ecosystem barriers with cross-chain technology. Other projects like Sonic focus more on vertical fields (gaming), while Eclipse and Solayer are limited to specific ecosystems (Ethereum or Solana), and their narrative and technological coverage are not as broad as that of SOON.
However, in reality, this is a type of project where the narrative outweighs the actual value; it is essentially a cross-chain Layer 1, which is a narrative favored by capital players, and it is actively building its own ecosystem, starting with the token sale platform simpfor.fun and a live streaming platform, with a current TVL of 14.85 million USD. It has raised 22 million USD.
For similar projects, the spot opening highest price of $LAYER was 1.5 USD, with an initial circulation of 210 million, and the highest market cap at the opening could reach around 200 million USD. Its highest coin price is around 3.39 USD, and the market cap at the highest price could reach around 700 million USD. Its TVL is 136 million USD.
For another similar project, the spot opening highest price of $S was 0.84 USD, with an initial circulation of 2.88 billion, thus the highest market cap at the opening was 2.419 billion USD. The historical highest price was 1 USD, so the market cap at that time was 2.88 billion USD. Its TVL is 1.442 billion USD.
At 4:30 PM today, the $SOON contract will be launched, with a total token supply of 1 billion, estimated circulating market cap of 18 million USD, and the estimated highest price may be around 0.8 USD.
Payfi Network Huma Finance has raised a total of 46.3 million USD, with an initial circulating supply known to be 17.33%, and a total supply of 10 billion. The estimated highest listing price for $HUMA is around 0.11 USD.
On May 21, the project party of $WLD sold $135 million worth of coins at market price through over-the-counter trading. Based on the price at that time, the selling price was likely $1, meaning that approximately 135 million coins of $WLD were sold this time. This accounts for 1.35% of the total supply.
Your $SIGN was sold too early; its market value has not even reached one hundred million. Otherwise, why would it be listed on DEX before CEX? Isn't it to allow users holding airdrops to sell it so that it can rise?
The project party still quite likes to pump and dump, currently the price seems to have bottomed out, but it could continue to decline. The recent support level is at 0.70089U, and if this line is broken, it may continue to rise.
Currently, $MEMEFI has broken the first support level of 0.00329U and is continuing to decline. Moreover, the trading volume during the decline has not emerged, indicating that there is still a downward trend. We can see if it can reach the second support level of 0.003045U. If it breaks below the second support level, we should continue to observe and not rush to buy the dip.
Crypto chaos caused by a dinner party: Trumpcoin's "Hunger Games" and market shocks
US President Trump’s meme coin $TRUMP made a high-profile announcement on April 23: The top 220 token holders by holdings will be invited to attend the "President's Private Dinner" held at the Trump Golf Club in Washington on May 22. The top 25 people will also enjoy the privilege of a "VIP White House guided tour." As soon as the news came out, the price of TRUMP went on a crazy roller coaster ride within 24 hours: it soared from $9.35 to $16.17, its market value once exceeded $2.7 billion, and its daily trading volume surged to $3.37 billion. However, behind this seemingly glamorous crypto carnival, there are multiple controversies and market distortions.
Exclusive airdrop activity for contract players, come join!!!
If you are a Binance contract player, you can also participate in the Contract Master activity to receive airdrop rewards. Below is the tutorial: Step one, click the link below to enter the activity interface and sign up; 合约大师活动界面 Note: You must ensure at least 500 U of USDT contract trading volume.
Step two, participate in regular activities to collect stars. New users will have advantages and can receive an additional 30 stars for 'first deposit' + 'first contract trading'.
As for holding $100 of BFUSD in the USDT contract account, the task is to directly purchase it for at least one day of holding time. All are USDT, and previous losses can be ignored.