SOON Rockets 31% as Phala Partnership and Perpetual Trading Platform Plans Ignite
SOON, an AI-focused cryptocurrency, has seen a 31% surge in value over the past 24 hours, reaching $0.45. This increase is attributed to two key developments: its investment in Phala Network's compute infrastructure and plans for a perpetual trading platform designed specifically for financial AI agents.
The partnership with Phala Network will provide SOON's AI agents with access to privacy-preserving and verifiable computation, solidifying the network's position as more than just an SVM rollup. The upcoming perpetual trading platform will allow AI agents to interact directly with the Model Context Protocol (MCP), with trading on the platform set to be exclusive to $SOON.
The revenue generated by the platform will be directed towards buying back and burning $SOON tokens, creating a direct connection between potential platform usage and token demand. While the platform is still in development, this setup has contributed significantly to SOON's recent rally.