The current real-time price of SOETH is $301.95. In the past 24 hours, SOETH has traded between $297.94 and $324.75, showing strong market activity. The all-time high of SOETH is $3,424.49, and the all-time low is $102.93.
From a short-term perspective, the price change of SOETH over the past 1 hour is , over the past 24 hours is -0.05%, and over the past 7 days is -2.39%. These figures provide a quick overview of the latest price trends and market dynamics of SOETH on LBank.-8.16%
The live price of SOETH today is $301.95, with a current market cap of $145.992M. The 24-hour trading volume is 7K. The price of SOETH to USD is updated in real time.
Before deciding whether to buy or sell SOETH, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SOETH technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SOETH.
How much will SOETH be worth tomorrow, next week, or next month in ? What about your SOETH assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SOETH Price Prediction
To learn more about SOETH, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
solana | DgLcG7...cqcqZr  | 437.721K | 90.53% |
solana | 6b4ayp...TQJfQA | 39,280.97 | 8.12% |
solana | 9uyDy9...CtVKcX | 2,440.517 | 0.5% |
solana | 2UNTCZ...LWtyry | 700.01 | 0.14% |
solana | 5Q544f...pge4j1 | 665.4419 | 0.14% |
Other | 2,691.286 | 0.56% |
soETH is a Solana-compatible version of Ethereum (ETH), backed by ETH reserves held within the Sollet protocol. It allows users to interact with Ethereum-based applications and assets on the Solana network, effectively bridging the two ecosystems.
soETH functions as a wrapped token, meaning it's a representation of an asset from one blockchain (Ethereum) on another (Solana). It is designed to be backed 1:1 by ETH, which is locked in the Sollet bridge protocol on the Ethereum chain. This mechanism aims to maintain its peg to the underlying asset.
Significant risks include centralization and custodial issues. soETH relies on a centralized entity for custody, which creates a single point of failure. Furthermore, the reliance on third-party custodians, such as the now-bankrupt original issuers, means the underlying ETH is entrusted to them. If custodians face issues like insolvency or security breaches, the wrapped tokens can lose their intended peg and value.
soETH tokens can be traded on various decentralized exchanges. Users typically look for active trading pairs that involve soETH on these platforms. Always ensure the platform is reputable and supports the Solana network for seamless transactions.
To add soETH to a compatible crypto wallet, first ensure your wallet is configured for the Solana network. Then, you would typically use an "import token" or "add custom token" function. This usually involves pasting the token's specific smart contract address, which identifies soETH on the Solana blockchain, into the designated field in your wallet.
Potential investors should exercise extreme caution due to the significant risks identified. The project's dependence on centralized custody and the insolvency of its original issuers mean that the underlying ETH may no longer be redeemable. Thorough research into the current status, underlying collateral, and operational integrity of such wrapped assets is crucial before any investment decision.
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