$OM just crashed 90% in under an hour — over $5.5B in market cap wiped out instantly.
DUMP REASON:
1. Team Resignation: Reports suggest the Kabal team behind $OM resigned right before the crash. Just after the news, over $590M worth of $OM was moved to exchanges, pointing to a likely massive insider sell-off.
2. Supply Control Rumors: Allegedly, the team held 90% of the total supply. With such concentrated control, the risk of OTC dumps and sudden liquidation was dangerously high.
Outcome:
• Airdrop holders got completely rekt.
• Long-term investors are left holding the bag.
• Community faced the brunt of what looks like insider exit liquidity.
This situation highlights the danger of projects with zero transparency, poor tokenomics, and centralized supply.