Bullish
Binance Ends Sophon Mainnet Support, Migrating SOPH to Ethereum Network
2026-07-28 11:34:02
Binance halts SOPH mainnet operations on Aug 4, shifting deposits and withdrawals to the Ethereum network with a 1:1 token migration ratio.
Woofun AI reports that Binance will discontinue support for the Sophon (SOPH) mainnet at 16:00 on August 4th. Users will be restricted to depositing and withdrawing funds via the Ethereum (ERC20) network. SOPH tokens will undergo a migration from the original mainnet to the Ethereum network at a 1:1 ratio.
WOOFUN AI
Impact Assessment · Quick Read
The shift from a dedicated mainnet to an ERC20 standard simplifies infrastructure but may reduce distinct network utility for SOPH. While the 1:1 migration preserves holder value, reliance on Ethereum introduces gas fee volatility. This move signals a strategic pivot toward broader liquidity access rather than independent chain development.
Generated by WOOFUN AI · For reference only, not investment advice
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