We must know that all major drops or rises have precursors; it’s just a matter of whether you have observed carefully. Some might refute what I say.
It's okay; let's think with underlying logic. When large amounts of tokens enter exchanges, we don't see the exchange's information, or is it that the major consulting platforms haven’t released data?
Are we serious about interpretation and information gathering, or is it the old saying, (if the fisherman doesn't study what the fish want to eat, how can they catch fish)?
Transactions without logic are just gambling, taking chances, but how many times can you actually get lucky?
I saw a trader in the forum who has been shorting OM for half a year, and only last night did he achieve his expectations. Is this luck? I don't know what you think, but I don't think so; this is a realization of understanding, and I admire such people.
Just like many people said at the beginning of 2022 that Bitcoin would rise to 100,000 dollars; I thought so too, but how many people actually reached 100,000? However, Bitcoin indeed reached 100,000 dollars, and that’s a fact. Turning opinions into facts requires a process, and the process is the hardest to endure. Can you hold on?
What does it mean to endure loneliness to enjoy prosperity? Take your time to understand it! The market is never wrong; the fault lies in human nature, existence is reasonable.
Reckless Liquidation MANTRA stated in an official blog post that it has been confirmed that the volatility in the OM market was triggered by reckless forced liquidations initiated by centralized exchanges against OM account holders. This situation occurred during low liquidity hours in Asian time, which at least indicates a certain degree of negligence on the part of centralized exchanges, or it could be deliberate market manipulation.
Valuation and Circulation Issues Some investors pointed out that DeFiLlama data shows the MANTRA protocol's TVL is only about 13 million USD, while its fully diluted valuation is as high as 9.5 billion USD, which could be a risk signal. Additionally, Insomniac, the governance lead at Castle Labs, discovered that three wallets have recently transferred millions of dollars in OM tokens to OKX and Binance, one of which received about 36 million USD in OM tokens from Binance on March 21 and then transferred about 4.3 million tokens to OKX on Saturday, suggesting a possible sell-off, which may have caused panic in the market.
