The Cause of $OM Token's 95% Correction: Will a Luna-Like Event Happen Again?**
The OM token experienced a 95% correction in less than 6 hours.
Based on current information, the token’s vesting schedule suggests that today’s **Total Circulating Supply** should be $930.88 million. However, on-chain data shows the current circulating supply is $969.29 million, indicating an unexpected increase of $38.41 million.
This discrepancy raises suspicions about potential internal issues within their blockchain or team. Has a hack occurred, or has the team liquidated tokens after deciding they’ve profited enough? Caution is advised. Could this lead to another dramatic crash like the Luna incident?
What are your thoughts?
