$OM faced a dramatic 90% drop in under an hour — a stunning collapse.
Over $5.5 billion in market value evaporated, leaving the community stunned.
Here’s what’s unfolding:
1. Core team exit?
Unconfirmed reports suggest the Kabal team behind OM resigned shortly before the crash.
Moments later, $590M worth of OM tokens were sent to exchanges — likely triggering a massive dump.
2. Token concentration risks:
Allegedly, the team held up to 90% of the token supply.
Airdrop participants got wiped out, and long-term holders were caught in the aftermath.
This wasn’t just a price drop — it’s a textbook example of poor transparency, centralized control, and potential insider dumping.
Key takeaway:
Don’t ignore red flags.
Decentralization matters. Transparency matters.
Capital is your lifeline — protect it.
If it feels off, it usually is.
Stay cautious. Stay informed.