Here’s why Sophon crypto rallied over 40% today

SOPH, the native token of the entertainment-focused Layer 2 network Sophon, saw a strong rally today after getting listed on South Korea’s significant crypto exchange, Bithumb. According to data from CoinGecko, Sophon (SOPH), the native token of the entertainment-focused Layer …

According to information from CoinGecko, Sophon (SOPH), the native token of the entertainment-focused Layer 2 network Sophon rallied as high as 445 ot an intraday high of $0.072 on June 3 Asian time while its market cap shot up to $138.5 million. As of now, the altcoin has a circulating supply of 2 billion tokens out of an overall supply of 10 billion SOPH tokens. Sophon completed its token generation occasion on May 28, airdropping 900 million totally unlocked SOPH tokens, 600 million to L1 farmers, and 300 million to early users.

According to information from CoinGecko, Sophon (SOPH), the native token of the entertainment-focused Layer 2 network Sophon rallied as high as 445 ot an intraday high of $0.072 on June 3 Asian time while its market cap shot up to $138.5 million. As of now, the altcoin has a flowing supply of 2 billion tokens out of a total supply of 10 billion SOPH tokens. Sophon finished its token generation event on Might 28, airdropping 900 million fully unlocked SOPH tokens, 600 million to L1 farmers, and 300 million to early users.