Gate News Bot news, on November 19, according to CoinMarketCap data, as of the time of writing, SOON (SOON) is currently quoted at $1.42, with a rise of 2.60% in the past 24 hours, reaching a high of $5.04 and a low of $1.23, with a 24-hour volume of $162 million. The current market capitalization is approximately $421 million, an increase of $10.7 million compared to yesterday. SOON is currently ranked 116th in global crypto assets market capitalization.
SOON is an efficient decoupled SVM (Solana Virtual Machine) technology stack designed to provide Solana-level performance for every blockchain. The SOON mainnet is currently live on Ethereum, BNB Chain, and Base Chain. The core technological innovations of the project include decoupled SVM, Merklization, Firedancer integration, and horizontal scaling, among others. SOON is dedicated to accelerating the adoption of SVM through its Super Adoption Stack (SAS), which includes three core components: SOON mainnet, SOON Stack, and InterSOON.
SOON Recent Important News:
1️⃣ Token Unlocking and Staking Proposal
The SOON Foundation has proposed the SIP-4 proposal, planning to fully lock and stake approximately 15.92 million SOON tokens that are set to be unlocked from November 19 to 20. This initiative aims to protect the interests of existing stakers, avoiding potential selling pressure from the token unlock, while strengthening the long-term alignment of community interests. The proposal is currently seeking opinions and votes from community members.
2️⃣ Market volatility intensifies
The price of the SOON token has experienced significant fluctuations recently. On November 17, SOON became one of the Crypto Assets with the largest decline in a 24-hour period, dropping by 21.42%, with the price falling to $1.93 at that time. This sharp volatility may be related to profit-taking after a rapid previous rise, and it also reflects a significant change in investor sentiment.
3️⃣ x402 protocol impact weakened
The x402 protocol prediction product launched by SOON may have passed its initial peak of popularity. As market attention towards new products decreases, the price of SOON tokens faces adjustment pressure, which could be a significant factor contributing to the recent price decline.
From a technical perspective, the price of SOON shows signs of stabilization after experiencing significant volatility. However, considering the upcoming token unlocking events and the uncertainty of market sentiment, SOON may still face some price pressure in the short term. Investors should closely monitor the voting results of the SIP-4 proposal and its potential impact on the market.
This message is not intended as investment advice, and investors should pay attention to market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin meltdown to $10,000 remains likely unless prices reclaim $75,000, analyst says
A familiar voice is back with a familiar, and controversial, call on bitcoin BTC$66,860.50.
Mike McGlone, senior commodity strategist for Bloomberg Intelligence, is reiterating that bitcoin could crash to $10,000.
But this time, he's framed it with a very clear line in the sand: $75,000.
If bitco
CoinDesk52m ago
Arthur Hayes: Bitcoin’s long-term target price is $250k to $750k, and in the short term it could fall below $60k
Arthur Hayes said on a podcast that, because the Federal Reserve has not expanded liquidity, he will not put more money into Bitcoin. He expects his medium- to long-term target price to be between $250,000 and $750,000. He warned that if the Iran–U.S. conflict continues, Bitcoin could fall below $60,000 in the short term. Meanwhile, Charles Schwab will launch spot trading for Bitcoin and Ethereum. Research shows that after major shocks, Bitcoin has performed better than gold and the S&P 500, and its current price has rebounded to $67,300.
GateNews5h ago
The Crypto Fear and Greed Index rises to 13 today, and the market is still in an extreme fear state
Gate News message, April 6, according to Alternative.me data, today the Crypto Fear & Greed Index rose to 13, up 1 point from yesterday’s 12. Despite the index recovering, market sentiment is still in an “extreme fear” state.
GateNews5h ago
Michael Saylor dismisses Schiff's warning that 'MSTR will collapse,' citing 36% annual profits from Bitcoin
Michael Saylor, CEO of MicroStrategy, defends the company's Bitcoin strategy against investor Peter Schiff's warning about MSTR stock. Despite losses, Saylor emphasizes Bitcoin's superior performance compared to gold and the S&P 500 since 2020.
TapChiBitcoin5h ago
BTC 15-minute rise of 0.79%: Institutional pullback and structural fund outflows driving market fluctuations
2026-04-05 22:30 to 2026-04-05 22:45（UTC）, the BTC price fluctuated in the range of 67416.0 to 67986.7 USDT. Within 15 minutes, the return reached +0.79%, and the amplitude was 0.85%. The rapid change on the market quickly drew attention, with volatility increasing, but overall trading volume did not show extreme amplification, and sentiment was mainly cautious and volatile.
The main drivers behind this move are the continued withdrawal of institutional funds and large capital net outflows to outside trading platforms. On-chain data shows that in the past 24 hours, the whole-network BTC net outflow was -2,1
GateNews6h ago
Bitcoin tends to outperform gold and stocks after global shocks, Mercado Bitcoin finds
Bitcoin BTC$67,345.02 tends to outperform traditional safe haven assets like gold in the two months following major global crises, according to new analysis from Brazilian crypto exchange Mercado Bitcoin.
The study, led by Rony Szuster, head of research at the Latin American crypto platform,
CoinDesk9h ago
