SOON (SOON) has decreased by 13.26% over the past 24 hours.

Gate News Bot Report, November 7th: According to CoinMarketCap data, at the time of publication, SOON (SOON) is trading at $1.39, down 13.26% over the past 24 hours. Its highest price was $2.88, and the lowest was $0.67. The current market capitalization is approximately $459 million, a decrease of $70.13 million from yesterday.

SOON is an efficient decoupled SVM stack designed to deliver Solana-level performance for each blockchain. The SOON mainnet is currently live on Ethereum, BNB Chain, and Base Chain. The project’s core technological innovations include decoupled SVM, Merklization, Firedancer integration, and horizontal scaling. The SOON Stack enables any project to deploy and launch its own Solana-like network with a single click. Additionally, SOON offers the InterSOON cross-chain messaging protocol and the Simpfor.fun one-click copy trading platform.

Recent key updates on SOON:

1️⃣ Launch of x402 AI Agent, Reaching New Price Highs
SOON officially launched a new social experiment based on the x402 protocol, aiming to enable AI Agents to autonomously trade, issue assets, and even create new chains on SOON’s high-performance network. This innovation has driven SOON’s price to a new all-time high of $2.88, with its market cap briefly surpassing $470 million.

2️⃣ Significant Increase in Trading Activity
Recently, SOON has seen a surge in trading activity, with 24-hour trading volume reaching $330 million. On some exchanges, SOON’s trading volume even exceeded that of Ethereum, ranking in the top five. This indicates strong market interest and participation in the SOON project.

3️⃣ Mainnet Launch and NFT Funding Success
SOON successfully launched its mainnet on Ethereum Layer 2 and raised $22 million through NFT sales. This marks a major technical milestone for the project and demonstrates market confidence in its potential, laying a solid foundation for future development.

Despite these positive developments, SOON’s price has experienced significant short-term volatility. After reaching a new high, the price pulled back, dropping 13.26% in the past 24 hours. This volatility reflects the high-risk nature typical of emerging crypto projects, and investors should closely monitor the project’s long-term prospects and overall market trends.

This news is not investment advice. Please be aware of market risks when investing.