Soneium Testnet Relaunch Sparks DAO Token Rally as $WEPE, $MIND, $AUDIO, and $OM Surge

We haven’t heard much about Sony’s Layer-2 blockchain Soneium since its testnet’s introduction in 2023. Now, the company has announced a four-week contest where creators, developers, and users can explore Soneium’s capabilities.

Sony has announced a four-week contest to promote its Layer-2 blockchain Soneium, inviting creators, developers, and users to explore its capabilities. The campaign will be hosted on the Galxe platform and will focus on gaming, communication, and creativity.

The company has also unveiled a new initiative to support decentralized autonomous organizations (DAOs) that align with Soneium's vision. These DAOs could benefit from growing demand for projects that prioritize community involvement.

Here's how some DAOs might fare with Soneium's mainstream adoption:

1. Wall Street Pepe ($WEPE) Presale Surges Past $63M

A DAO-like crypto project, Wall Street Pepe ($WEPE), has raised over $63M in presales, making it the second-most-popular presale to date (after Pepe Unchained).

This momentum is largely due to community support against institutional investors, as presale buyers have grown weary of whales manipulating the market.

$WEPE holders will receive key trading insights to help them find hidden crypto gems and profit like never before.

While not technically a DAO, Wall Street Pepe fulfills all the criteria of one:

The project aims to empower the unbanked and create a freer crypto market where regular traders can avoid being outmaneuvered by large whales.

The concept of DAOs is not new, but never before has a project incentivized active participation in this way. In traditional DAOs, users often neglect their governance rights due to a lack of strong incentives. Wall Street Pepe changes this.

The presale is still ongoing, presenting an opportunity to acquire $WEPE at a low price and join this rapidly expanding community. Experts anticipate a 100x surge in $WEPE's value after it hits exchanges.

2. AI Agent MIND of Pepe ($MIND) Presale Sets the Stage for Stellar Growth

Another community-centric meme coin presale, MIND of Pepe ($MIND), offers a unique approach to DAO-based rewards.

The AI agent will curate crypto recommendations and insights after analyzing trends and crypto intelligence in real time.

This process will be entirely automated, with the AI interacting with influencers and engaging with decentralized communities and platforms on its own.

Although not a traditional DAO project, $MIND functions like one in every way. Holders will receive exclusive rewards in the form of crypto insights and analyses.

Moreover, everyone is encouraged to HODL and contribute to the ecosystem by staking their tokens. To date, over 670M tokens have been staked for a remarkable 522% APY.

One $MIND currently fetches $0.0032144, and the presale has raised $4.2M, with the price set to increase in the next 14 hours.

Given that the AI industry is projected to reach $826B by 2030, it's no wonder that AI agent projects like $MIND are garnering so much investor attention.

3. Audius ($AUDIO) Might Reignite the Decentralized Music Revolution with Soneium

Audius is an established project that debuted in 2020. However, after the initial excitement subsided, it struggled to gain adoption, and the value of the $AUDIO token has plummeted from $4 to $0.13.

The launch of the Soneium mainnet could breathe new life into $AUDIO.

Audius is a decentralized music streaming protocol that grants creators complete autonomy over their content. It also connects artists with fans through direct messaging and live streams.

Traditional music streaming services, like Spotify, claim up to 70% of artists' revenue, leaving indie creators with barely enough for coffee. Audius, on the other hand, implements a tipping system that funnels 100% of the proceeds to the artists.

Soneium's and Audius' visions align, making it likely that the project will migrate from Solana to this new network in the future.

4. MANTRA ($OM) Surges 4,503% YTD; Are New Records on the Horizon?

MANTRA ($OM) is the second-largest DAO token with a $4.4B market cap. It has surged 4,503% since January 2024 and hit a new all-time high of $5 three days ago.

What makes it so special? And is this the peak?

MANTRA is a decentralized finance protocol that offers services like staking, lending, and real-world asset tokenization. But one of MANTRA's main appeals is its community-led governance.

In addition to this, MANTRA integrates the Cosmos ecosystem for interoperability with other blockchains through the Inter-Blockchain Communication protocol.

As an Ethereum-based project, MANTRA