$OBOL
Obolwash is a term describing the coordinated price suppression of the $OBOL token through repeated mid-sized sell-offs. On-chain data reveals that 1-2k USDT sell orders, mostly traced back to KuCoin and OKX, are flooding the market. This pattern suggests intentional manipulation to drive the price downward. Such activity undermines retail investor trust and distorts natural market movement. The exchanges involved may be engaging in unethical practices, earning them the label of "scammers" among the community. Obolwash highlights the urgent need for increased transparency, stricter regulation, and better on-chain analytics to hold centralized platforms accountable for manipulative behaviors.
