Editor's PiCK
[Today's Global Interest Coins] Sophon, GameStop, Toncoin, and Others
Summary
- Sophon (SOPH) plummeted after being listed on Binance and Upbit, and is currently trading at around $0.06, down approximately 21.3% from the previous day.
- GameStop (GME) drew attention with the news of purchasing 4,710 Bitcoins, which is worth about $510 million.
- Toncoin (TON) is trading at around $3.3, up approximately 10% from the previous day, due to the business partnership news between Pavel Durov, CEO of Telegram, and xAI.

According to the top gainers on the Token Mindshare (a metric quantifying the influence of specific tokens in the virtual asset market) of the AI-based Web3 search platform Kaito, the top 5 virtual assets that people are most interested in as of the 29th are Sophon (SOPH), GameStop (GME), Toncoin (TON), Xai (XAI), and Coqoin (COQ).
Sophon attracted investors' attention as it was listed on the global virtual asset exchange Binance the previous day (28th). On the same day, Sophon was also listed on the domestic virtual asset exchange Upbit. Sophon is the native token recently launched by the modular blockchain Sophon. After its listing, Sophon plummeted and is trading at around $0.06 on CoinMarketCap, down approximately 21.3% from the previous day as of the afternoon.
GameStop drew attention the previous day (28th) as the US video game company GameStop purchased 4,710 Bitcoins. The Bitcoins purchased by GameStop this time are worth $510 million (approximately 705 billion KRW). Previously, the GameStop board unanimously approved the plan to add Bitcoin to the balance sheet in March this year. As a result, GameStop recently issued convertible bonds worth $1.3 billion to purchase Bitcoin.
Toncoin seems to have seen a surge in online mentions as Pavel Durov, CEO of Telegram, announced a major business partnership with the AI startup xAI the previous day (28th). However, Elon Musk, CEO of Tesla, who leads xAI, refuted Durov's partnership announcement, saying, "No deal has been signed." In response, Durov stated, "Musk is right," adding, "We agreed in principle, but the formalities are yet to be completed." The partnership disclosed by Durov includes integrating xAI's 'Grok' into Telegram for a year. Toncoin, linked with Telegram, has experienced fluctuations due to this news. Toncoin is trading at around $3.3 on CoinMarketCap, up approximately 10% from the previous day as of the afternoon.
Xai is speculated to have gained attention as the online mentions of xAI increased on this day. However, Xai is the native token of the Arbitrum (ARB)-based gaming platform Xai and is unrelated to xAI led by CEO Musk. Xai is trading at around $0.08 on CoinMarketCap, down approximately 0.2% from the previous day as of today.
Coqoin drew attention as its price plummeted by over 16% from the previous day. Coqoin is the utility token of the Hong Kong-based virtual asset exchange Coqoin. Previously, the Financial Intelligence Unit (FIU) of the Financial Services Commission blocked domestic access to 17 overseas virtual asset exchanges, including Coqoin, in March.

JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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