$OM 😱A $17M loss on OM tokens follows a whale dump, shaking investor confidence. 🐋 A crypto whale, 0x5AC, is facing significant losses after buying 2.9 million OM tokens for $18.7 million last month. The whale moved 1.724 million tokens to Binance, incurring a loss of approximately $10.11 million. The remaining OM holdings are worth around $595,000, reflecting an unrealized loss of $6.97 million. This sell-off has triggered volatility and raised concerns, though OM's strong fundamentals and growing DeFi presence remain intact. If the price fails to hold support at $0.32, it may dip further, but if buying picks up, a rebound toward $0.38-$0.40 could occur. Traders should monitor volume and market sentiment closely. Risk remains high in the short term.
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