In the 5 hours before the OM coin price plummeted, a wallet suspected to be associated with Shane Shin transferred 2 million OM, valued at 12.58 million USD. This transfer has drawn market attention, especially against the backdrop of Shorooq Partners, a venture capital firm focused on seed funding in the Middle East and North Africa. With the sharp decline in the OM token price, the loss of this fund has now been exposed, raising doubts in the market about the event. Investors need to be wary of the potential impact of such sell-offs on market sentiment.

From this incident, market transparency and fund liquidity are becoming key concerns for crypto investors. #om