Why did the price #SomniaNetwork decrease?

Selling pressure from short-term investors

The price decreased, but the trading volume increased by 17.69%, indicating that many people are selling to take profits or cut losses.

Vol/Mkt Cap 84.58% indicates high liquidity, making it easy to create price volatility.

The circulating supply is still low

There are only 160.2M $SOMI in circulation (16% of total supply). If more tokens are unlocked in the future, selling pressure may increase and put pressure on the price.

Market sentiment

A price drop of 2.8% is not a significant decrease; it may just be a technical adjustment after the previous price increase.