Gate News bot news, according to the official announcement from Gate on May 28, 2025: Gate will launch the Sophon ( token mining event on Launchpool from May 29, 2025, 20:00 to June 8, 20:00 ) UTC+8. Users can stake GT, BTC, or SOPH to earn SOPH token rewards, with a total of 24,000,000 SOPH tokens to be distributed during the event. Sophon is a platform dedicated to monetizing user data through everyday consumer products and providing rewards, aimed at cultivating the next generation of cryptocurrency users. The platform focuses on developing practical blockchain applications to lower the barriers to traditional cryptocurrency usage. Rewards will be distributed to users' spot accounts every hour based on the proportion of their staked assets, with VIP5 and above users enjoying a maximum of 500% staking limit bonus. According to the announcement, Gate Labs did not participate in the investment of the Sophon (SOPH) project.

BlockBeats news, on June 1st, according to Lookonchain monitoring, the smart trader 0xaEbe is going long on WCT and SOPH. This trader has executed 233 trades on Hyperliquid in the past week, with a win rate of 88.41% and a total profit of $184,700.

Gate News bot news, the Layer2 cross-chain protocol Orbiter Finance stated on social media that SOPH is now live on Orbiter. Users can bridge SOPH, USDC, and ETH across 67 networks, with the trading limits increased to 10 ETH, 10,000 USDC, and 3 million SOPH.

According to ChainCatcher news, DWF Labs has received 20 million SOPH for market making, as monitored by Lookonchain.

Odaily News According to monitoring by Lookonchain, DWF Labs received 20 million SOPH for market making.

BlockBeats news, on May 28, Sophon announced on social media that the airdrop application is now open to eligible early contributors, with an application period of 60 days.

According to BlockBeats news on May 16, the modular blockchain Sophon announced that the SOPH token will be issued in May, and information regarding tokenomics, community allocation, and more will be shared soon.

The ICP 2Grants Program announced funding support for Lendfinity, TruMarket, and Sophiaverse to promote the development of ICP ecological projects. The specific amount is not yet disclosed.