According to Spot On Chain monitoring, 19 newly created wallets suspected to belong to the same entity that were tracked previously transferred 14.27 million OM (approximately $91 million) to OKX at an average price of $6.375 within 3 days before the OM collapse. As early as late March, they collectively purchased 84.15 million OM from Binance, spending about $564.7 million (average price $6.711). Now, after experiencing a drop of about 90%, their remaining 69.08 million OM is worth only $6.22 million—estimating their total loss to be as high as $406.3 million. However, they may have hedged their positions elsewhere, and it is possible that they exacerbated this collapse.

------

If they still hold so much OM, I believe these wealthy individuals would not let themselves lose so much, so there is still uncertainty.