**Key Developments**
- **Whale Activity:** Wallet **0x5AC** accumulated **2.9M OM** at ~$6.45, investing **$18.7M**. Recently deposited **1.724M OM** (~$1M) into Binance, sparking sell-off concerns.
- **Potential Loss:** If fully exited, the whale would realize a **$10.1M loss** (-91% ROI). Still holds **1.173M OM** (~$595K) with an **unrealized loss of $6.97M**.
**Recovery Plan by CEO John Mullin**
- **Token Burn:** **150M OM** unstaked and scheduled for removal by **April 29**.
- **Future Burn:** Discussions to burn another **150M OM**, potentially halving team allocations.
- **Supply Reduction:** If executed, total supply drops from **1.82B to 1.67B**, reducing circulating tokens by **26%**.
- **Staking Impact:** APR expected to rise as bonded ratio falls from **31.47% to 25.30%**.
**Market Reaction**
- **Price Movement:** OM trading at **$0.52**, up **0.5%** in the last 24 hours.
- **Volume Surge:** Trading volume jumped **88%**, indicating heightened investor interest.
**Analyst Views:**
- **Moon Jeff:** Sees dip as a **buying opportunity**, predicting a **$1 target**.
- **CryptoNinjas:** Skeptical, citing **continuous token unlocks** and delayed burn execution.
**Uncertainty Ahead**
- **April 13 Crash:** OM plunged **90%**, dropping from **$6.30 to below $0.55**.
- **Supply Unlocks:** **4M OM** unlocks every few weeks, with **45% of total supply still locked**.
- **Community Concerns:** Some argue the burn plan is **too complex** and may not drive recovery.
Will the burn strategy stabilize OM, or is a further decline inevitable? Investors remain divided.