OM Token Surges 7.39% Amid Whale Accumulation, Yet 91.91% of Holders Remain at a Loss

OMUSDT experienced a 7.39% price increase over the last 24 hours, rising from a 24h open of $0.2557 to a current price of $0.2746 on Binance. This upward movement follows a period of significant price weakness and high unrealized losses among holders, with 91.91% of addresses still at a loss. Despite recent whale accumulation (+2% in holdings) and increased on-chain address activity, the market remains under bearish pressure, as retail and mid-tier holders have reduced their positions and large transaction volumes have declined by 24.34%. The lack of strong positive news or catalysts, aside from a recent partnership announcement, has limited bullish sentiment. Trading volume in the past 24 hours was moderate at approximately $60.5 million, and the market cap stands at $261.71 million. Overall, OM’s price recovery appears to be driven by short-term trading activity rather than a fundamental shift in sentiment, with resistance levels at $0.40 and $0.50 remaining key for a sustained reversal.