BUYING 20 TIMES FROM THE PEAK: A NEW OFFICIAL “FREEZE PLUG-IN FEE” ALTCOIN
Sure, every sadness will eventually pass—only the sadness of holding an Altcoin never lets you go! 🥲
Do you still remember Sophon ($SOPH ) — the “favorite child” that once made waves for a time? Yesterday, the project officially announced: Shut down (stop operations) its own blockchain!
Let’s take a look back at a project’s “life cycle”:
Glorious past: Raised a huge 60 MILLION USD from major players like Binance Labs, OKX Ventures...
Glorious listing: Headed straight to Binance listing in May 2025, with high expectations from many.
Harsh reality: After more than 1 year, the token price “pulled its legs back” from $0.08 straight down to $0.004$ (Chia 20 times from the peak!).
The end: From the “DeFi brain” of the ZK ecosystem, it split off into its own chain, and finally became a “dead chain.” Now it’s giving up, turning around to build an app on Base.
This is exactly the “signature dish” of this season. When projects have already sold all their tokens, spent the treasury on operating costs without real users, they will choose to “let it go” to prepare to draw up a new project for next season.
Even ZK technology (Zero-Knowledge)—once praised by Vitalik Buterin as the “Endgame of Layer 2”—now looks, when you look it up on the DeFi rankings, like it’s... disappeared.
In the end, the money and users still only stay with familiar names: Ethereum, Solana, BSC, and Base.
Does anyone else still hold $SOPH or any ZK ecosystems?
#crypto #altcoin #SOPH #Sophon #Layer2 #Bitcoin #downtrend
Sure, every sadness will eventually pass—only the sadness of holding an Altcoin never lets you go! 🥲
Do you still remember Sophon ($SOPH ) — the “favorite child” that once made waves for a time? Yesterday, the project officially announced: Shut down (stop operations) its own blockchain!
Let’s take a look back at a project’s “life cycle”:
Glorious past: Raised a huge 60 MILLION USD from major players like Binance Labs, OKX Ventures...
Glorious listing: Headed straight to Binance listing in May 2025, with high expectations from many.
Harsh reality: After more than 1 year, the token price “pulled its legs back” from $0.08 straight down to $0.004$ (Chia 20 times from the peak!).
The end: From the “DeFi brain” of the ZK ecosystem, it split off into its own chain, and finally became a “dead chain.” Now it’s giving up, turning around to build an app on Base.
This is exactly the “signature dish” of this season. When projects have already sold all their tokens, spent the treasury on operating costs without real users, they will choose to “let it go” to prepare to draw up a new project for next season.
Even ZK technology (Zero-Knowledge)—once praised by Vitalik Buterin as the “Endgame of Layer 2”—now looks, when you look it up on the DeFi rankings, like it’s... disappeared.
In the end, the money and users still only stay with familiar names: Ethereum, Solana, BSC, and Base.
Does anyone else still hold $SOPH or any ZK ecosystems?
#crypto #altcoin #SOPH #Sophon #Layer2 #Bitcoin #downtrend
