OM Token Rebounds 3.65% as Whale Accumulation Rises Despite Cautious Market Sentiment

OMUSDT is trading at $0.2671 on Binance, up 3.65% over the last 24 hours from a 24h open of $0.2577, with buyers showing activity around the $0.27 zone. The recent price increase appears to be a short-term rebound following significant declines earlier in the month, as whale addresses increased their OM holdings by 2% while retail and mid-size holders reduced positions by 7.56% and 4.33%, respectively. Despite this accumulation by larger holders, overall market sentiment remains cautious, with 91.91% of OM holders currently at a loss and short positions increasing near the $0.2517 level. Trading volumes remain relatively low, and the broader trend is still characterized by downside pressure and weak on-chain participation, although a slight uptick in new and active addresses suggests some renewed interest at current price levels.