$SOMI Somi was showing genuine recovery movement from 0.25 before it was listed on the popular Asian exchange
And I actually have mixed feelings about this
On the positive side, yes, it will increase visibility and liquidity for the future
But the listing came with big prizes to just trade somi not to hold it - and big volume in a short time frame is required to get better prizes !
So many people there will just buy it and then sell it to get those prizes
I believe this selling pressure may have disrupted the natural recovery phase.
When markets and other exchanges observe coordinated or heavy selling within a short time frame, it often creates hesitation and weakens confidence.
Anyway, I believe things should improve from here as we are essentially back to the same price zone where the recovery had already started before the listing.

