$OM CRASHED 90% IN UNDER AN HOUR

Over $5.5 BILLION in value wiped out.

Here’s a breakdown of what happened and why it matters

A thread:

1)

It all started when a wallet, allegedly linked to the $OM team, deposited 3.9 million OM tokens on OKX just yesterday.

2)

For those who don’t know—

The OM team holds around 90% of the total supply, a major red flag that’s been discussed in the space before.

3)

Over the past year, the team was rumored to be using market makers to artificially inflate price—classic wash trading and price control tactics.

4)

Add to that:

Frequent changes to tokenomics

A delayed community airdrop

Lack of transparency

Trust was already hanging by a thread.

5)

After the OKX deposit, massive selling began today.

But what caused such a brutal 90% dump?

6)

Sources suggest the real damage came from OTC deals.

The team reportedly sold tokens in bulk at 50% discounts or more to early whales.

7)

So when the price dropped 50%, those OTC whales went into loss.

Panic set in. Everyone rushed to sell before each other.

8)

This triggered a liquidation cascade, wiping out positions and causing a complete freefall in price.

9)

It’s a harsh reminder:

No matter the hype, always DYOR and check token distribution before investing.

A team holding 90% of supply = centralized risk.

10)

Stay safe out there.

Avoid hype traps.

Transparency > Speculation.

And remember—liquidity is king in volatile markets.

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