At 12:45 (Vietnam time) on May 22, a wallet address starting with the code GtxgnR…CLxKdq received 2 million SOON tokens, according to on-chain data from the Arkham analysis platform. Notably, this address was labeled by Arkham as belonging to Jump Crypto – one of the most prominent investment and market-making funds in the cryptocurrency industry.
The sudden receipt of a large number of SOON tokens has raised suspicions that Jump Crypto may be returning to the role of market maker for the SOON project – a notable move after a long period during which this organization seemed to withdraw from liquidity creation activities since the Trump administration.
This information is of particular interest to the cryptocurrency community because Jump Crypto was once one of the venture investment organizations that had a significant impact on the liquidity and price volatility of many tokens.
SOON is a high-performance Layer 2 project using Solana Virtual Machine (SVM) to realize the vision of Super Adoption Stack (SAS) – a model aimed at achieving mass adoption in Web3. Instead of focusing on a specific ecosystem, SOON positions itself as a bridge to bring the SVM engine to all Layer 1 (L1), creating a blockchain network with high interoperability, efficiency, and scalability.
Also Read: What is SOON (SOON)? The First SVM Rollup Solution on Solana
