Wrapped Ethereum (Sollet)
SOETH
Evaluation Score
Overall rating on a scale of 0-10
Whale Pulse
Large transaction flow (>$10k)
No whale transactions >$10k detected recently for SOETH.
AI Analysis
Comprehensive evaluation of the token
Wrapped Ethereum (Sollet) (SOETH) is a failed, 'zombie' asset resulting from the collapse of the Sollet bridge and its custodian, FTX/Alameda Research. The token was originally designed to be backed 1:1 by Ethereum; however, following the FTX bankruptcy in November 2022, the underlying collateral became inaccessible, causing the token to permanently lose its peg and redeemability. The project is officially deprecated, with no active development, governance, or team support. The bridge interface is non-functional, and official communication channels have been deleted. SOETH currently holds no intrinsic utility and trades at a massive discount to ETH, representing only a speculative claim on a bankrupt estate rather than a functional cryptocurrency. Users are strongly advised to avoid this token and utilize current standard bridges like Wormhole.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
Protect Your Crypto
Store your tokens securely with a hardware wallet. Ledger devices keep your private keys offline, protecting your assets from online threats and hacks.
Similar Rated Tokens
More for DeFi Investors
- Yield Farming Analysis: Discover the best tools and strategies for maximizing your returns from yield farming in DeFi.
- AI vs Fundamentals: See how Token Vitals combines AI crypto price prediction with fundamental analysis for a balanced investment perspective.
- Risk Scores Explained: Learn how our crypto risk scores differ from traditional credit scores and what that means for your portfolio.
- On-Chain Metrics: Understand which on-chain metrics matter most when investing in tokens and how to use them effectively.
- US Investor Analytics: Access crypto analytics designed for US investors, including features to help with tax tracking and compliance.
- Finding Value: Explore our data-driven lists to uncover top undervalued DeFi tokens for 2025 and beyond.