According to PANews, a recent analysis by Glassnode reveals that $OM saw a sharp drop, falling below the $1 mark in a short span of time today. At 08:20 UTC, a significant transaction involving 38 million tokens—averaging $0.71 each—was moved to exchanges, pointing to either panic selling or arbitrage activity. During this downturn, the top 1% holders' share dropped from 96.4% to 95.6%, indicating that some major holders were offloading or liquidating their positions. Within just a few hours, the realized market value shrank by around $740 million. A spike in both token transfers and active wallet addresses highlights widespread market engagement. Notably, this wave of selling wasn’t triggered by early adopters but appears to be a broader, systemic market reaction.
