Alright, let's figure out why the price of Somnia (SOMI) has increased by 33% in the last 24 hours. First, let's look at the available data. Information about the current price shows a significant increase over the day. Since the user's question concerns the price movement in the last day, we will focus on the latest news and events during this period.
The news mentions major listings on exchanges. Binance, KuCoin, and CoinEx added SOMI from September 2 to September 4, 2025. Listing on leading exchanges usually increases liquidity and recognition of the token, which contributes to price growth. The listing on Binance — one of the largest exchanges — is especially important. Although the airdrop for BNB holders may have caused initial selling pressure, demand for the token increased after the listing. However, since the question concerns the period from September 4-5, and the mainnet launch took place on September 2, this launch was several days ago, but its successful execution and subsequent events are likely continuing to influence market sentiment.
Another important point is the proposal for governance by QuickSwap to launch on Somnia. QuickSwap is a well-known decentralized exchange (DEX), and their integration could attract more activity to the Somnia DeFi sector, which is positive for the price. Although the proposal itself was published on March 15, 2025, there may have been recent news or voting results that are affecting the price now. However, considering that the current date is September 5, 2025, the news from March is too old to directly influence price movements over the last 24 hours unless there have been fresh updates. It's worth checking for new news on partnerships or protocol implementations.
Technical analysis does not help in this case, as all indicators are at zero. The pivot point is indicated at 0.49577, while the current price is 0.554, which is above the pivot and indicates a bullish sentiment. But without additional technical information, it is difficult to rely on this.
User data also shows a 44.78% increase in trading volume over 24 hours, indicating high market activity. An increase in volume alongside rising prices usually indicates strong demand. Market capitalization increased by 33.24%, which corresponds to the price rise.
Looking at global indicators, the total cryptocurrency market capitalization grew by only 0.33% over the day, while Somnia shows significantly better results, indicating its outperformance. The fear and greed index is in the neutral zone, meaning the overall market sentiment is not the main driver. The altcoin season index is 49, which is also neutral and does not indicate mass growth of altcoins.
Some news highlights the technical achievements of the mainnet — high throughput (TPS) and low fees, which may attract developers and users. The deflationary token model (burning 50% of fees) also contributes to price growth by reducing supply.
However, there is also criticism related to vesting charts and the initial price drop after the listing. But since the price has risen in the last 24 hours, negative factors have already been accounted for by the market, and positive news is prevailing.
In conclusion, the main reasons for the price increase of Somnia (SOMI) in the last 24 hours are recent listings on major exchanges (especially Binance), a successful mainnet launch with high performance, and expectations of ecosystem growth due to partnerships like QuickSwap. This is supported by increased trading volume and market capitalization growth.
TLDR
The price of Somnia (SOMI) has increased by 33% in the last 24 hours due to listings on major exchanges (Binance, KuCoin, CoinEx), a successful mainnet launch with high throughput, and expectations of ecosystem development through partnerships, such as with QuickSwap. The increase in trading volume and capitalization confirms strong demand.
