BlockchainBaller
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Why Did $OM Collapse❓ Here’s the Full Breakdown❓$OM plunged over 90% in just one hour, wiping out $5.5 billion in value.
Let’s unpack what really happened:
Over the past year, they’ve reportedly used market makers to artificially inflate the token’s price. Meanwhile, they’ve delayed the promised community airdrop and quietly changed tokenomics, which raised red flags.
Then came the sell-off…
After the large deposit, selling pressure began building today. But why the extreme 90% crash?
It’s tied to OTC (Over-the-Counter) deals. Rumors say #OM executed several OTC sales at deep discounts up to 50% off. Once the market price dropped by 50%, all OTC buyers were instantly underwater.
This triggered a panic sell-off as whales and retail alike scrambled to exit first. What followed was a liquidation cascade, leading to the brutal chart you’re seeing now.
The lesson?
Always Do Your Own Research (DYOR) before investing especially in tokens with centralized control or suspicious on-chain activity.
There’s another project in the top 20 reportedly involved in a fresh OTC deal. I’m digging deeper and will share that insight soon. Stay sharp.
$OM
Let’s unpack what really happened:
Over the past year, they’ve reportedly used market makers to artificially inflate the token’s price. Meanwhile, they’ve delayed the promised community airdrop and quietly changed tokenomics, which raised red flags.
Then came the sell-off…
After the large deposit, selling pressure began building today. But why the extreme 90% crash?
It’s tied to OTC (Over-the-Counter) deals. Rumors say #OM executed several OTC sales at deep discounts up to 50% off. Once the market price dropped by 50%, all OTC buyers were instantly underwater.
This triggered a panic sell-off as whales and retail alike scrambled to exit first. What followed was a liquidation cascade, leading to the brutal chart you’re seeing now.
The lesson?
Always Do Your Own Research (DYOR) before investing especially in tokens with centralized control or suspicious on-chain activity.
There’s another project in the top 20 reportedly involved in a fresh OTC deal. I’m digging deeper and will share that insight soon. Stay sharp.
$OM
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