1. $SOON Is at the Heart of the SVM Narrative
The Solana Virtual Machine (SVM) is emerging as a major theme in the Solana ecosystem, powering fast, scalable, and low-cost decentralized applications. Previously, $LAYER led the SVM narrative and delivered stellar performance — even after a significant correction, $LAYER still commands a market cap of $218M.
By contrast, $SOON is currently undervalued relative to its peers, despite having similar or stronger fundamental positioning. As interest in SVM-native applications continues to rise, $SOON stands to benefit as a core narrative token.
2. Jump Crypto Is Involved
Another strong reason to be bullish on $SOON is the involvement of Jump Crypto, a well-known and highly influential market maker and investor in the Solana ecosystem. Jump has been behind many of Solana’s biggest success stories. Their participation is a strong vote of confidence and suggests that $SOON is being positioned for long-term success with deep liquidity and potential institutional support.
3. Upbit List
$SOON is set to list on Upbit, one of South Korea’s largest exchanges, a market known for driving significant volume and speculative interest. Importantly, $SOON has not yet been listed on Binance spot, meaning the potential buying pressure is far from fully priced in. Once Binance or other top-tier exchanges like Coinbase list the spot, we could see a major influx of retail and institutional demand.
4. Attractive Entry Point with Limited Downside
The estimated token cost for early supporters (SOONests) was $0.31, and with current prices approaching this level, the downside risk is significantly reduced. For new entrants, this creates a favorable risk-reward profile, especially when paired with the high-upside potential tied to upcoming catalysts. The sharp increase in open interest on Binance Futures indicates that a significant amount of capital is currently betting on $SOON.
5. The Story of Layer 1 Is Rotating Back to Solana
We are likely entering a new phase in the market cycle, one where Layer 1 chains, especially Solana, regain center stage. As Ethereum fees remain high and Solana continues to deliver strong performance and developer adoption, the market will likely reward infrastructure projects that enable growth on Solana.
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.