Last night, OM's flash crash caused countless people to lose everything overnight!!!
In just one hour, it plummeted 95%, and the familiar script is playing out again — the "divine coin" that skyrocketed by hundreds of times
Ultimately completed its curtain call in free fall, reminding me of LUNA in 2021
And also recalling those gamblers who lost everything on coins like TRB and GMT
As a survivor who accurately shorted these types of coins twice, I want to share three lessons learned with real money:
Did you understand the "death signals" of project teams running away?
There were early warnings before OM's crash: on March 18, 5.4 million tokens were unlocked, the community TG suddenly disbanded, and the team remained silent for a long time... These details were selectively ignored during the bull market frenzy.
Do you think a 90% drop means you can make 90 times your investment? The reality is:
Binance will suddenly reduce leverage before the crash (OM was cut from 20x to 5x)
When liquidity is exhausted, short positions can't be closed at all
The exchange's "automatic liquidation mechanism" will forcibly eat into your profits
Retail investors die from the "three major illusions"
"Backed by a Dubai consortium"
"An 80% drop must be oversold"
"Holding onto positions will always allow you to break even"
Remember: in the crypto world, every pitfall you avoid is the price of someone else's bankruptcy
BABY
$OM
