According to @cas_abbe, MEXC has officially listed the new SOPH token, with a promotional campaign offering a $30,000 reward pool for new users who deposit SOPH, as well as additional participation incentives for existing users. This launch could drive significant trading activity and liquidity for SOPH, making it a key watch for traders seeking early entry and potential volatility. The aggressive rewards program may also attract new participants to the MEXC exchange, impacting SOPH's price discovery and volume in the broader crypto market (source: @cas_abbe, May 29, 2025).

According to Lookonchain, DWF Labs has received 20 million SOPH tokens for market making, as confirmed by on-chain transaction data (sophscan.xyz/tx/0xb61c47c5c). This substantial allocation is expected to significantly improve SOPH token liquidity and reduce spreads, potentially attracting more institutional and retail traders. Market participants should monitor SOPH trading volumes and price stability, as increased market-making activity by DWF Labs may influence short-term volatility and offer new trading opportunities. Source: Lookonchain, sophscan.xyz.

According to Lookonchain, DWF Labs has received 20 million SOPH tokens to support market making activities, as confirmed by the transaction record on sophscan.xyz. This significant allocation is expected to enhance SOPH token liquidity, potentially reducing spreads and increasing trading volume. Traders should monitor SOPH price action closely, as increased market making activity by DWF Labs could impact volatility and create new trading opportunities. Source: Lookonchain on Twitter, sophscan.xyz.