$OM crashed 90% in a day.

CEO John Mullin blamed “forced liquidations” on CEXs – not insider dumping.

But Lookonchain flagged early investors linked to dumping wallets. Mullin denied.

Now he’s going all in: 🧨 burning all team tokens (~300M OM, once worth $1.9B, now ~$234M).

📅 These tokens are locked till 2027–2029, but the symbolic move sparked debate:

✅ Some called for a DAO vote

⚠️ Others (like Ran Neuner) say it kills long-term team motivation

📉 TA? Not helpful. The entire November rally got wiped. OM tested the 27.2% extension below the November low. A drop below $0.364 is on the table.

🔥 Heatmaps show next liquidations at:

→ $0.82 (likely tested first)

→ $0.72

→ Major liquidity at $1 (30% climb needed to reach it)

💭 Will OM rise from the ashes? RWA hype vs. real value is now under the microscope.

$5B in market cap vanished on Sunday. Time will tell if it was real worth or vapor.

📌 DYOR always. Don’t let FOMO wreck your bags.