OMNI Token Soars 192% After Launchpool Event, 50% Supply Staked and Trading Volume Hits $272M

Omni Network (OMNI) experienced a sharp price increase of 192.86% in the last 24 hours on Binance, rising from $1.54 to $4.51. This surge is primarily attributed to heightened market activity following Binance's Launchpool event, which allowed users to stake BNB and FDUSD to earn OMNI tokens, resulting in 50% of the circulating supply being staked. Additionally, anticipation of Omni Network’s first native staking upgrade scheduled for March 24, 2025, and increased discussion of bullish price action on social media have contributed to renewed interest and demand for OMNI. The 24-hour trading volume reached approximately $272.14 million, reflecting a substantial increase in trading activity and market participation. OMNI currently has a circulating supply of about 38 million tokens out of a total supply of 100 million, with a market capitalization estimated at $117.6 million and significant concentration among the top holders.