SOON Crypto Skyrockets 40% on CZ's Mysterious Bull Market Hint

SOON, an AI-linked token, has experienced a significant surge in value over the past day, with gains reaching 40% at press time. The asset's bullish outlook is supported by strong market momentum and trading volume that has surged over 130%. Changpeng Zhao, co-founder and former CEO of Binance, sparked interest among market participants when he tweeted 'Soon...' on September 29th, pairing it with a green background image that may have fueled speculation about an impending bull market. The tweet drove purchases of the asset, with the ticker symbol SOON.

The market sentiment tracked through CoinMarketCap shows that investors are bullish and would likely channel their capital to benefit from a rally. Perpetual and spot markets have turned bullish, with perpetual flow reaching $242.83 million in the past 24 hours as of writing. The OI-Weighted Funding Rate shows long positions controlling the market.

SOON has also hinted at the launch of its AI trading platform, which is designed specifically for AI Agents to trade crypto price movements through the perpetual market. The project plans to channel earnings from the bot into a buyback and burn program to reduce the asset's supply in the market. For now, the outlook remains largely bullish, with a high chance that SOON could maintain its present market momentum.