What to Know:
Somnia (SOMI) surged over 50% after its mainnet launch and major exchange listings.
WLFI faces trust issues after wallet freezes and blacklists.
Pi Token climbs slowly with gaming, events, and new onramps fueling use.
Over the weekend, the altcoin market has been very active, but three tokens in particular have gotten a lot of attention: Somnia (SOMI), World Liberty Financial (WLFI), and Pi Token (PI). Each has been moving for very different reasons, which shows how unpredictable and diverse altcoins can be.
Somnia (SOMI) Takes the Spotlight
Somnia (SOMI) has taken the market by storm, jumping more than 50% in just 24 hours and briefly touching a new all-time high. The excitement began when Somnia launched its mainnet on September 2 after months of testing. The project boasts impressive numbers, including billions of testnet transactions and millions of wallets created before the official launch. That early momentum gave traders confidence, and things snowballed from there.
What really set off the surge, though, were the exchange listings. Somnia landed on big platforms like Binance, KuCoin, and CoinEx almost immediately. Binance alone saw hundreds of millions of dollars in trading volume within a single day.Binance also gave its BNB stakers SOMI tokens as a reward. Somnia also added a deflationary system that burns half of the transaction fees forever. This makes SOMI less common and supports the idea that it could be a good long-term investment. But it’s not all sunshine. With only a fraction of tokens currently in circulation, future unlocks and airdrop recipients selling their free coins could put downward pressure on the price. For now, though, Somnia is clearly the star performer of the week.
WLFI Showing Mixed Signals
World Liberty Financial (WLFI) had a very different kind of week. Backed by members of the Trump family, the token launched earlier this month with plenty of headlines but also plenty of controversy. It opened with strong demand but quickly lost almost half its value as concerns spread about insider control and the token’s long-term vision.
Things got messier when the team froze a wallet linked to Justin Sun after suspicions of market manipulation. Freezing wallets is always a warning sign for traders, and this move caused a lot of people to panic and sell. Trading volumes dropped a lot, and a lot of people thought the token was just another overhyped launch.
The team also said that it had put over 270 wallets on a blacklist because they were linked to suspicious activity. Those steps helped keep the price steady, but trust is still shaky. WLFI is currently in a tight range, and its next move will probably depend on how the team handles supply unlocks and whether the market regains confidence.
Pi Token Sees a Gentle Climb
Pi Token (PI) has been slowly climbing higher, gaining 1% in the last day and making steady progress thanks to ongoing ecosystem upgrades. PiOnline, a gaming platform that combines DeFi elements with community-driven gameplay, was the biggest news for Pi. People who got in early are already trying out virtual land, seeds, and other things you can buy in the game.
This is one of the first real uses for Pi that isn’t just speculation. If more people start using it, it could become more useful. Pi has also been working on getting more attention by sponsoring events like the upcoming Token2049 event as a Gold Sponsor and adding fiat onramps through partners like Alipay and GCash. These changes make it easier for people all over the world to buy and use Pi, even though there isn’t much liquidity yet.
Final Take
All three tokens highlight different sides of the crypto market. Somnia is the new kid on the block, riding the hype and technical promises of the exchange. WLFI is having a hard time with early problems, but it’s working hard to get its reputation back. And Pi is slowly building its ecosystem, betting on long-term use over short-term price spikes.
The message is clear for traders: prices can move quickly when there is a lot of excitement, but the real test will be whether these projects can keep their value once the excitement dies down.
Also Read: NASDAQ Files With U.S. SEC to Enable Tokenized Stock Trading
