$OM has plummeted by 90% in less than an hour.
More than $5.5 billion in market capitalization has been erased in an instant.
REASONS FOR THE DUMP:
Reports indicate that the Kabal team behind #om stepped down just before the crash.
Shortly thereafter, over 590millionworthofOM was transferred to exchanges, likely indicating a significant sell-off.
There are also speculations that the team controlled 90% of the total supply.
Airdrop recipients were left in a tough spot.
Long-term investors found themselves at a loss.
This project exhibited complete supply control, potential OTC dumps, and a lack of transparency.
It appears that insiders managed to exit while the community bore the consequences.
Safeguard your investments. Trust your gut.
If something seems off, it probably is.
Stay alert. #StaySAFU