The price of Somnia (SOMI) has risen by 38.78% in the last 24 hours, related to several key factors: the recent listing on major exchanges, the launch of the mainnet, active community support through airdrops and grants, as well as unique tokenomics with a token burning mechanism. All of this together has heightened investor interest and increased trading activity.

Key reasons for the price increase of Somnia (SOMI) in the last 24 hours

1. Listing on major cryptocurrency exchanges

In early September 2025, the SOMI token was added to popular exchanges such as Binance, KuCoin, CoinEx, and OrangeX. Listing on major platforms usually increases the token's availability to a wider audience and boosts trading volumes, contributing to price growth. Additionally, Binance conducted a HODLer Airdrop, distributing 30 million SOMI, which attracted additional attention to the project. Although 80% of these tokens are locked until November 2025, it reduces selling pressure and supports price stability.

2. Launch of the Somnia mainnet

On September 2, 2025, the launch of the Somnia mainnet took place — an important milestone that transitions the project from the testing stage to full operation. This strengthens investor and user confidence. The technical advantages of the network, such as high throughput (TPS), instant transaction confirmation (sub-second finality), as well as partnerships with Google Cloud and LayerZero, create a positive backdrop for further development and token value growth.

3. Active ecosystem development

The Somnia project announced a grant program worth $10 million and plans to hold 24 hackathons. This encourages developers to create new applications and services based on the network, increasing activity and interest in the ecosystem. Such initiatives contribute to long-term growth and strengthen the token's position in the market.

4. Tokenomics with a burning mechanism

Somnia uses a deflationary mechanism: 50% of transaction fees are burned, reducing the total token supply. This creates scarcity and supports long-term price growth.

5. Recent news and technical analysis

Although the main events occurred in early September, there has been a resurgence of activity in recent days. For example, on September 8-9, social media posts appeared about task completion on the mainnet and successful participants in airdrops earning up to $230,000. This indicates ongoing user engagement.

Technical analysis shows RSI7 at 72.58, indicating an overbought condition and strong buyer interest supporting the price increase.

Summary

The price of Somnia (SOMI) has increased in the last 24 hours — the result of a combination:

  • Expansion of token availability through listings on major exchanges,

  • Positive impact from the launch of the mainnet,

  • Active community support through grants and hackathons,

  • Deflationary tokenomics with fee burning,

  • Increased trading activity and speculative interest.

High trading volume (over $1 billion per day) confirms significant interest in the token and supports the current price increase.