The SOON token, native to the Solana Optimistic Network, has experienced a dramatic 200% increase in value over the past week, climbing from $0.70 to $2.11. This surge is linked to the debut of the x402.SOON prediction market platform, which allows users to place bets on real-world events using USDC. The platform's unique model channels losing bets into a liquidity pool that supports the token, while 75% of the fees generated are allocated for buying back SOON tokens. The platform is designed to tokenize speculative markets, including political events such as the U.S. government shutdown.