Significant $OM Transaction on Binance Reflects Substantial Loss
A notable on-chain transaction reveals the deposit of 2 million $OM tokens, valued at $871.17K, into the Binance cryptocurrency exchange by a whale address (0xe357…93de3). This deposit follows a holding period of 1.5 months. Analysis of the wallet's history indicates a prior withdrawal of 4 million $OM, valued at $27.18 million at the time, also occurring 1.5 months ago. Considering the current valuation of the deposited amount, this activity suggests a realized loss of approximately $25.44 million on the transacted portion of the $OM holdings. The wallet in question retains an additional 2 million $OM, currently valued at $871.17K. This movement of a significant $OM holding onto a major exchange after a period of accumulation and a substantial price decline warrants attention from market observers
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