Why Did $OM Crash So Hard? Full Breakdown Below
$OM plummeted over 90% within just an hour, wiping out a staggering $5.5 billion in value. Here's what really went down:
Over the past year, OM allegedly worked with market makers to artificially pump the token’s price. At the same time, they delayed the promised community airdrop and quietly tweaked their tokenomics — raising major concerns.
Then came the trigger…
A large deposit signaled brewing selling pressure. But what caused the extreme 90% drop?
The answer: OTC (Over-the-Counter) deals.
Rumors suggest $OM made multiple OTC sales with discounts of up to 50%. So when the market price tanked by 50%, those OTC buyers were already at a loss — sparking a wave of panic selling.
What followed was a cascade of liquidations, from whales to retail, all scrambling to get out first.
Key takeaway:
Always DYOR — especially when a token shows signs of centralized control or shady on-chain behavior.
I’m also investigating a top 20 project rumored to be doing similar OTC deals. Stay tuned for updates — and stay cautious.
#cryptocrash #OMToken #dyor #BinanceSafetyInsights #MarketWatch