SOON token surges more than 40% as perpetual markets turn bullish

  • SOON gained more than 40% as bullish derivatives activity supported its rally.
  • Futures volume reached $398.11 million, while open interest stood at $92.28 million.
  • SOON said its AI trading platform would direct bot earnings toward buybacks and burns.

SOON, an AI-linked token, gained more than 40% in the past day as trading volume surged over 130% and futures activity reached $398.11 million. Interest increased after Changpeng Zhao, co-founder and former CEO of Binance, posted "Soon..." on Sept. 29 alongside a green-background image of himself. CoinMarketCap data showed a sentiment reading of 3.84, indicating optimism among investors. CoinGlass data showed $92.28 million in open interest over the past 24 hours and an OI-weighted funding rate of 0.0091%, with long positions controlling the perpetual market. Perpetual inflows reached $242.83 million, including $10.17 million in netflow. Spot-market activity recorded $3.93 million in flow and negative netflow of $36,550, which the report interpreted as accumulation. SOON has also indicated plans for an AI trading platform designed for AI agents to trade crypto price movements through perpetual contracts, with bot earnings intended to fund a buyback-and-burn program. The report says these factors could help SOON maintain its current momentum, although the outlook remains market-dependent.

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SOON token surges more than 40% as perpetual markets turn bullish - CoinPost Terminal