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Here’s a quick summary of the $OM crypto crash:

• Date of Crash: April 13, 2025

• Price Drop: OM fell over 90%, from around $6.30 to below $0.50, wiping out $5.5 billion in market cap.

• Reasons for the Crash:

• Massive forced liquidations by a large investor during low-liquidity hours.

• Concerns over tokenomics – high valuation ($9.5B) vs. low total value locked ($13M).

• Speculations of insider selling, though the team denied it.

• Current Price: Around $0.78

$BTC