Sophon Token Launches on Binance with Airdrop; Market Cap Drops 30%

Sophon has officially launched its token on Binance, coinciding with an airdrop starting May 28th, 2025. The platform’s entry into the consumer blockchain space is generating significant interest and a $150 million market capitalization for the SOPH token. However, the token experienced a steep 30% decline immediately after launch on exchanges. The Sophon airdrop will run until July 27th. Early investor reaction to the claiming process was less than enthusiastic, potentially contributing to the rapid price drop. The market remains cautious and watchful, as investors seek clarity about long-term potential despite initial turbulence.