🌎 SoSoValue Token Price Jumps 35.3% After $15 Million Funding

SoSoValue Token Sees 35.3% Price Jump After Successful Funding Round

SoSoValue, a leading crypto market data provider, has seen its newly launched token price surge 35.3% to $1.13, following a successful $15 million Series A funding round that raised its valuation to $200 million.

Funding Round and Token Performance

The SOSO token, launched on January 24, hit an all-time high of $1.42 and currently boasts a 24-hour trading volume of $61.2 million. The funding round was led by SmallSpark.ai and HongShan, previously Sequoia China.

Proceeds Allocation

SoSoValue plans to utilize the funding to launch its indices protocol, a platform designed to provide investors with exposure to a range of major cryptocurrency assets. The platform will feature four new wrapped tokens:

MAG7.SSI
MEME.SSI
DEFI.SSI
USSI

These tokens are designed to track key sectors within the crypto market, offering a diversified investment experience.

Platform Details

The SoSoValue Indices protocol will operate on Base, an Ethereum (ETH) scaling solution backed by Coinbase. This will provide a streamlined investment experience for users.

Community Engagement

SoSoValue has also officially launched on the Launchpool platform, kicking off a new mining event to engage the community and further boost its market presence.