What Really Happened to $OM?
A stunning 90% crash in just one hour wiped out $5.5 billion in value — but why? Let’s break it down:
Over the past year, $OM has been under scrutiny for allegedly using market makers to artificially pump its price. At the same time, they delayed the community airdrop and quietly tweaked their tokenomics, raising major concerns in the crypto community.
The tipping point?
Today, after a large deposit was spotted, heavy selling pressure kicked in. But the real chaos was triggered by rumored OTC (Over-the-Counter) deals. Reports suggest $OM sold large amounts of tokens off-market at discounts of up to 50%.
As the token price dropped close to that 50% mark, OTC buyers went underwater, sparking a wave of panic-selling. Both whales and retail investors rushed for the exit, causing a liquidation cascade and the brutal dump we saw on the charts.
The takeaway?
Always DYOR (Do Your Own Research) — especially with tokens that show signs of centralized control or shady on-chain behavior.
Also, there’s word that another top 20 project might be involved in a similar discounted OTC deal. I’m looking into it now and will share updates soon. Stay cautious out there.
