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SoSoValue Token Surges After Reporting Successful Funding Round

SoSoValue Token Surges After Reporting Successful Funding Round

HappyCoinNewsHappyCoinNews2025/01/27 01:00
By:HappyCoinNews

Launched on January 24th token SoSoValue (SOSO) recorded a significant increase of almost 94% and reached an all-time high of $1,42. The daily trading volume of the popular crypto market data provider’s asset reached $61,2 million.

The jump came after news of the successful completion of a $15 million Series A funding round, raising SoSoValue's valuation to $200 million. Investors included SmallSpark.ai and HongShan.

SoSoValue Token Surges After Reporting Successful Funding Round image 0

The company now plans to use the proceeds to launch its SoSoValue Indices protocol, a platform that will allow investors to gain exposure to a range of major crypto assets.

The platform will include four new tokens MAG7.SSI, MEME.SSI, CHALLENGE .SSI and USSI, which are designed to track all major sectors of the cryptocurrency market.

The SoSoValue Indices protocol will run on the L2 Base network, which the company says should simplify the investment process. In addition, SoSoValue is now listed on the Launchpool platform, where it has launched a new mining initiative to expand its market presence.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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