Alright, let's figure out why the price of Somnia (#SOMI) has risen by 75% in the last 24 hours. First, let's take a look at the available data. The user provided numerous news articles and social media posts. I will start by analyzing the current price data. In the last 24 hours, the price has increased by +75.53%, which is a significant change. The trading volume exceeded $500 million, increasing by 87%, indicating high market activity.
News reports indicate that the SOMI token was added to several major exchanges: Binance, KuCoin, CoinEx, and WEEX around the period from September 2 to September 4, 2025. Listing on major platforms typically increases the liquidity and availability of the token, contributing to the rise in its price. Additionally, Binance conducted an airdrop for HODLers, distributing 3% of the total token supply among BNB holders. This may have created initial demand, as recipients could either hold the tokens or trade them.
Another important event was the launch of the mainnet on September 2. The project highlights technical advantages such as high transaction throughput (TPS) and low fees, which may attract developers and users, increasing demand for SOMI. It is also worth noting the deflationary mechanism, where 50% of transaction fees are burned, reducing the total token supply and potentially increasing their scarcity.
Some news mentions a $50,000 airdrop from WEEX for new users trading SOMI, which may stimulate purchases. Partnerships with projects, such as QuickSwap, which is being deployed on the Somnia platform, also create a positive sentiment and contribute to investment attractiveness.
However, it is worth noting that the price previously peaked at $1.63, then fell to around $0.48, and now stands at about $0.96. The recent rise could be either a rebound after the fall or a result of the hype surrounding listings and the mainnet launch. Moreover, only 16% of the total token supply is in circulation, which means that future unlocks could pose a risk to the price. Nevertheless, in the short term, listings and airdrops stimulate price growth.
The technical analysis provided by the user shows zero values across all metrics, which may indicate incomplete or missing data. Therefore, it is wise to focus on news and market factors.
In summary, the main reasons for the rise in the price of Somnia (SOMI) are listings on major exchanges, airdrops, the mainnet launch, and positive news about the project's development. At the same time, it is important to consider the potential risks associated with future token unlocks.
