Recent analysis suggests the OM (Mantra) price crash wasn't driven by early holders cashing out. Glassnode data shows no significant OM inflows to exchanges before the crash. Instead, a large inflow of 38 million OM occurred after the price collapsed, accompanied by a surge in active addresses and transfers. This points to panic selling by retail investors as the primary cause. Early holders, based on average purchase price distribution, exhibited less selling activity. Furthermore, the top 1% of whales (excluding team and exchange wallets) only slightly decreased their holdings, from 96.4% to 95.6%. Therefore, the data indicates a sudden market correction triggered by retail investor fear, rather than a coordinated dump by early adopters. This highlights the volatility and potential for panic within the cryptocurrency market. ```