- Protocol & Network: SOPHON is an ARC-20 token built on the Bitcoin blockchain using the Atomicals Protocol. This protocol leverages Bitcoin’s UTXO (Unspent Transaction Output) model to create and manage NFTs and fungible tokens. Each SOPHON token is backed by 1 Satoshi, enabling transfers to Bitcoin addresses.
- Token Supply:
- Maximum Supply: 42 billion SOPHON
- Circulating Supply: Approximately 32.89 billion SOPHON (as of April 2025)
- Key Features:
- ARC-20 tokens function as "colored coins" on Bitcoin, with each token tied to a Satoshi for value.
- Compatible with Bitcoin wallets supporting UTXO selection, such as Sparrow Wallet.
- Meme Coin Nature: SOPHON is primarily a community-driven meme token with speculative appeal rather than specific utility.
2. Current Market Status (April 20, 2025)
- Price: Approximately $0.000879 USD (≈1.29 KRW), up 3.15% in the last 24 hours but down 2.74% over the past 7 days, indicating mild volatility.
- 24-Hour Trading Volume: Around $138,990 USD, reflecting relatively low trading activity.
- Market Cap: Estimated at ~$289,000 USD based on circulating supply, though exact figures may vary by source.
- All-Time High (ATH): $0.001057 USD (January 15, 2025)
- All-Time Low (ATL): $0.000249 USD (August 18, 2024)
- Exchanges: SOPHON is traded on ARC-20-specific marketplaces like atomicalmarket.com and satsx.io. It is not yet listed on major centralized (CEX) or decentralized (DEX) exchanges.
3. SOPHON vs. Sophon (SOPH) Clarification
There may be confusion with Sophon (SOPH), a separate project. Here’s a brief distinction:
- SOPHON (ARC-20): A Bitcoin-based meme coin, as described above.
- Sophon (SOPH): A modular Layer 2 blockchain on zkSync, focused on entertainment and gaming ecosystems. Its SOPH token is used for governance, gas fees, and node rewards. The SOPH token completed its TGE on September 27, 2024, but remains non-transferable until Q1 2025. Sophon raised ~$73.26M from investors like Binance Labs and The Spartan Group.
These are distinct projects with similar names. SOPHON is a speculative meme token, while Sophon (SOPH) has broader utility in the zkSync ecosystem.
4. Investment Considerations
- High Volatility: As a meme coin, SOPHON’s price is heavily influenced by market sentiment and speculative demand, making long-term value prediction challenging.
- Low Liquidity: Limited to ARC-20 marketplaces, SOPHON has low liquidity, increasing the risk of price slippage during trades.
- How to Buy: SOPHON can be purchased with BTC on ARC-20 marketplaces (e.g., atomicalmarket.com, satsx.io) using a Bitcoin wallet like Sparrow Wallet. Ensure BTC is available and the wallet is properly configured.
- Security: Use offline cold wallets (e.g., paper wallets) over exchange hot wallets for safer asset storage.
- Risks: ARC-20 is a relatively new protocol, and potential vulnerabilities or market manipulations warrant caution.
5. Community & Outlook
- Community Sentiment: X posts indicate moderate interest in SOPHON within meme coin communities, though it has less buzz compared to Sophon (SOPH). Some investors view it as a short-term speculative play.
- Future Outlook:
- Short-Term: SOPHON’s price will likely track Bitcoin market sentiment and meme coin trends. Listing on major exchanges could boost liquidity and interest.
- Long-Term: As a meme coin, sustained value growth depends on community engagement and marketing. Sophon (SOPH), with its gaming/AI ecosystem, may have stronger long-term potential.
6. Further Requests
- If you need specific exchange data (e.g., atomicalmarket.com) or technical chart analysis for SOPHON, let me know.
- For deeper insights into Sophon (SOPH), such as zkSync tech details or airdrop updates, I can elaborate.
- I can also pull additional X-based community reactions or news for SOPHON.
