OM Token: An Exciting Roller Coaster Ride of Wealth?
Friends holding OM tokens, my mood is heavy at this moment, and I can't help but chat with you about this matter.
I really can't see the current situation as just an accident. From my analysis, there are likely two possible scenarios: one is that someone within the team made an astonishing decision—to sell all their tokens; the other is that this is a premeditated sell-off drama, where multiple holders, or what the industry calls 'whales', joined forces to make a big move, first taking massive short positions, and then issuing large market sell orders, instantly turning the situation upside down.
Ultimately, the valuation of OM has indeed been inflated too high before. Regardless of the founders or the entire team, even if they try every means to 'burn' or hype it up, from my current perspective, if OM's price wishes to break through the $2 mark again, the probability is as difficult as climbing to the sky.
To take a step back, if one day OM suddenly rises by 40% or 50%, I also want to seriously advise everyone, do not be blinded by the current profits, quickly cut losses and exit. We must remember the painful lesson from the previous LUNA crash.
Also, everyone must not have a sense of luck; OM is currently stable at the $0.4 level, but the market is ever-changing, and if it uncontrollably drops below $0.1, that speed may be much faster than imagined. It's better to withdraw funds early to ensure the safety of your assets!