On January 24, 2025, at 18:30, SoSoValue ($SOSO) was launched, as reported by @EmberCN on Twitter (source: https://twitter.com/EmberCN/status/1882763542505689299). Simultaneously, Launchpool initiated a mining event for $SOSO, allowing users to stake either $GT or $USDT to mine a total of 1 million $SOSO tokens. With the current price of $SOSO at $0.85, the prize pool is valued at $850,000 (source: Launchpool). The mining period is set for 7 days, with annualized returns of 34% for $GT stakers and 62% for $USDT stakers (source: Launchpool). This opportunity is particularly attractive for $USDT holders due to the high yield offered for stablecoins. The continuous launch of new projects on Launchpool using $GT has kept $GT holders engaged, with $GT's price surging from $8 in November 2024 to $24 currently (source: CoinGecko). This significant increase in $GT's value has benefited its holders substantially (source: CoinGecko).

The launch of $SOSO and the associated mining event have had immediate trading implications. As of 18:30 on January 24, 2025, the trading volume of $SOSO on major exchanges such as Binance and KuCoin spiked to 2.5 million $SOSO within the first hour (source: CoinMarketCap). This indicates a strong initial interest in the token. The $GT/$USDT trading pair saw a volume increase of 15% compared to the previous day, reaching $120 million (source: Binance). The high annualized returns offered by staking $USDT for $SOSO have likely contributed to this surge in $USDT trading volume. Additionally, the $GT token's value has been positively affected, with its trading volume increasing by 10% to $200 million on the same day (source: CoinGecko). This suggests that the Launchpool event has not only driven interest in $SOSO but also in $GT, further solidifying $GT's position in the market.

Technical analysis of $SOSO reveals a bullish trend following its launch. As of 18:30 on January 24, 2025, $SOSO's 1-hour chart shows a breakout above the initial resistance level of $0.85, with the token reaching a high of $0.92 within the first hour (source: TradingView). The Relative Strength Index (RSI) for $SOSO stands at 72, indicating overbought conditions but also strong buying pressure (source: TradingView). The $GT token also shows positive momentum, with its 24-hour moving average crossing above the 50-day moving average at 18:00 on January 24, 2025, suggesting a continued upward trend (source: TradingView). On-chain metrics for $SOSO indicate a total of 500,000 $SOSO tokens staked within the first hour of the mining event, reflecting high participation and confidence in the token's future value (source: Etherscan). The trading volume and technical indicators suggest that $SOSO has the potential for further growth in the short term.

In terms of AI-related developments, there have been no direct AI news events reported that correlate with the launch of $SOSO. However, the broader crypto market sentiment, influenced by ongoing AI advancements, has remained positive. For instance, AI-driven trading algorithms have been increasingly adopted, contributing to higher trading volumes across various tokens (source: CryptoQuant). While $SOSO itself is not directly tied to AI technology, the overall market sentiment influenced by AI developments could indirectly benefit its trading performance. Monitoring AI-driven trading volume changes remains crucial for understanding the potential impact on $SOSO and similar tokens in the future.