- Binance Alpha users gain early access to SOON via airdrop using Alpha Points
- SOON’s low market cap and volume suggest untapped potential for early adopters
- Technical indicators show weak momentum, with RSI below 50 and MACD still negative
Binance Alpha is gearing up for a high-profile launch, as it becomes the first platform to list the SOON (SOON) token. Trading for SOON will officially open on May 23, 2025, positioning the token at the center of Binance’s latest initiative to spotlight emerging digital assets.
The listing provides early exposure to a low-cap token still in its developmental phase. More notably, Binance Alpha users will have the unique opportunity to redeem SOON tokens through an exclusive airdrop, available by using their Alpha Points.
Airdrop Through Alpha Points
The SOON token airdrop will only be accessible to users who hold Binance Alpha Points. These points serve as the access key to claim the token ahead of the general public.
Related: How Binance Alpha Generates Mutual Value for Users and the Platform
Besides adding value to Binance Alpha’s reward ecosystem, the airdrop encourages greater user engagement through an incentivized entry point into SOON’s market. Users must wait for the full activity rules, which Binance has promised to release alongside the event page on May 23.
This mechanism also highlights Binance Alpha’s strategic approach to community growth and project exposure. By granting airdrops based on Alpha Points, the platform filters its most active users and channels initial token distribution toward a committed audience. Consequently, this move could offer SOON an early liquidity push when trading begins.
SOON’s Market Outlook
SOON, the native token of the SoonVerse ecosystem, is currently valued at $0.00004820 according to CoinMarketCap. It shows no 24-hour price or volume change, with a stagnant market cap of $14.94K. Despite this, the token has over 1,600 holders and a self-reported circulating supply of 310 million, though this data lacks independent verification.
Related: Here Are Binance’s New Rules for Listing Tokens on Spot, Futures, and Alpha
Moreover, SoonVerse rebranded from its former identity, SoonSwap, signaling a broader shift in vision. The project has a maximum supply of 1 billion tokens and a fully diluted valuation of $48.2K. This low market activity may indicate the token is still under the radar, offering early buyers a potential advantage.
Technical Indicators Reflect Weak Momentum
On the technical front, SOON’s momentum remains subdued. The MACD shows a slight recovery from bearish levels, although still in negative territory. Similarly, the Relative Strength Index (RSI) stands at 41.14, moving up from oversold conditions but still lacking strong buying signals.
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