$SOMI
Somnia (SOMI) is down by 7.69% over the last 24h, contrasting sharply with its 7-day surge (+152.85%).
The drop aligns with profit-taking after major exchange listings and growing concerns about token vesting schedules.
Profit-taking post-listings – Binance, KuCoin, and CoinEx listings triggered a 152% weekly rally, creating natural sell pressure.
Vesting uncertainty – Only 16% of tokens circulate, with complex unlock schedules sparking inflation fears.
Negative sentiment – Community frustration over airdrop mechanics and Binance Alpha listing volatility amplified selling.
Deep Dive of @Somnia Official #Somnia
1. Profit-Taking After Exchange Listings (Bearish Impact)
Overview: SOMI surged 152% in 7 days following listings on Binance (September 2), KuCoin, and CoinEx. The 24h decline (-7.69%) coincides with traders locking in gains after the initial hype.
What this means: Listings typically boost liquidity and visibility, but short-term traders often exit after the first price spike. SOMI’s 24h trading volume fell 35.78% to $537M, signaling reduced momentum.
What to look out for: Sustained volume above $500M could stabilize prices, while a drop below $400M may extend the correction.
2. Vesting Schedule Concerns (Mixed Impact)
Overview: Only 160.2M SOMI (16% of total supply) is circulating, with team, investor, and ecosystem tokens locked until 2026. Community allocations unlock monthly over 48 months.
What this means: While vesting prevents immediate dilution, the roadmap’s complexity has caused anxiety. For example, a user reported selling vested tokens at $0.28 due to distrust in unlock mechanics.
Key metric: Monitor the circulating supply – unlocks exceeding 5% monthly could pressure prices.
3. Community Backlash Over Airdrops (Bearish Impact)
Overview: Complaints about uneven airdrop distributions and the Binance Alpha listing’s impact dominated social media. SOMI crashed from $1.66 to $0.98 on September 2 after the Alpha listing, eroding trust.
