Please broaden your perspective. In the cryptocurrency world, having a few million dollars is all just a joke; don't take it seriously.
数码解析
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The founder of OM spent $280,000 to rescue the market, can it really turn around? A life-and-death struggle after a 90% crash!
The OM token experienced a rocket launch followed by a rapid plunge, with its price dropping from $9 to $0.37, evaporating 95% of its market value, leaving 360 million chips weighing heavily, and investors in despair.
The project team urgently calls out "We are not cutting韭菜 (investors)", co-founder JP Mullin threw out 772,000 OM tokens for self-rescue, with a market value of only $280,000, mocked by netizens as even less than a day’s revenue from a pancake stall. There are further doubts that the issuance of the OM token is chaotic, suspected of unlimited money printing.
From a technical perspective, OM is still in the bearish zone, with MACD green bars continuing, but trading volume suddenly surged threefold to $100 million, suspected of large holders secretly bottom-fishing or the project team creating a false impression. If the key support of $0.34 breaks, it could really go down.
Three major deadly concerns: Liquidity is concentrated on a few exchanges, and a withdrawal could undoubtedly lead to a crash; there have been fears of locking up tokens to manipulate prices, making it hard to discern truth from deception; the team controls 40% of the tokens, and they could abandon the market at any time.
Summary: Bottom-fishing OM is either brave or a gamble. If the project team truly wants to rescue the market, they should invest real money for buybacks, rather than making small gestures. It is recommended to observe a continuous increase in trading volume and price stabilization above $0.5 before taking action. There is no charity in the crypto world, only risks and opportunities coexist.
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