We trusted Binance Labs. That trust? Shattered.
$OM dumped over 90% in under an HOUR.
More than $5.5 BILLION in market cap — vaporized.
Here’s what really happened:
The Kabal team reportedly walked out just before the collapse.
$590 million worth of $OM was dumped on exchanges moments later.
Insiders held 90% of the total supply. Yeah, you read that right. Ninety. Percent.
Airdrop holders? Completely wrecked.
Long-term believers? Left holding worthless bags.
Where was the transparency? Where were the safeguards?
Nowhere. Because this was a coordinated insider rug pull masked by fake legitimacy.
And let’s not forget the influencers and investors who paraded $OM as “Binance-backed.”
They used Binance’s name as a shield to sell false security.
This isn’t just a crash. This is a betrayal.
No one is safe when insiders can nuke the market like this and walk away.