币姥爷
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April 14, 2025
Today, OM has taken over the headlines, not with a surge, but with a crash. In a few hours, the price of OM dropped from $6 to a low of $0.37, a decline of 94%, meaning it would need to increase by about 20 times just to break even. Of course, not everyone bought at the peak; however, anyone who tried to buy during the drop from $6 to $1 got burned. It is worth noting that even with such a significant drop, OM still has a market capitalization of $800 million, which means that this process has wiped out tens of billions of dollars in market value.
OM should be considered the star coin of this year, having started from under $1 and gradually risen, eventually entering the top 20 by market capitalization due to its concept and valuation. I had seen it before but didn't pay attention, because this is a common trick used by shady operators; a coin with no real application achieving a market cap of tens of billions of dollars is essentially highly manipulated. In this wave, the operators directly created a huge pit, making a fortune while leaving the retail investors suffering, and it's unlikely for them to recover their losses.
In the crypto world, one reason it's hard to make money is that there are too many traps. For coins like OM, the reason I glanced at it and moved on earlier is that, based on the instincts of seasoned investors, I judged it to be a strong operator coin, and retail investors participating would be at a definite disadvantage. However, objectively speaking, not all users in the crypto space are seasoned investors; many are tempted to buy into coins that are continuously rising. If you tend to chase after rising prices, you might have encountered situations similar to OM. I can only say that experience teaches us to be wiser and to accumulate enough knowledge to avoid being trapped next time.
Regarding the market, it has entered a slow upward stabilization phase over the past couple of days. For the upcoming market trends, I hope to see a gradual increase with some pullbacks along the way, but as long as the overall trend is upward, I still have a lot of confidence in the second half of the year. Whether in terms of sentiment or liquidity crisis, I feel that we've already passed the worst time. If there is a further significant crash, it would require other black swan events to occur. If you are willing to wait, that's fine, but I personally feel it's unnecessary.
Thank you for your attention and likes.
Today, OM has taken over the headlines, not with a surge, but with a crash. In a few hours, the price of OM dropped from $6 to a low of $0.37, a decline of 94%, meaning it would need to increase by about 20 times just to break even. Of course, not everyone bought at the peak; however, anyone who tried to buy during the drop from $6 to $1 got burned. It is worth noting that even with such a significant drop, OM still has a market capitalization of $800 million, which means that this process has wiped out tens of billions of dollars in market value.
OM should be considered the star coin of this year, having started from under $1 and gradually risen, eventually entering the top 20 by market capitalization due to its concept and valuation. I had seen it before but didn't pay attention, because this is a common trick used by shady operators; a coin with no real application achieving a market cap of tens of billions of dollars is essentially highly manipulated. In this wave, the operators directly created a huge pit, making a fortune while leaving the retail investors suffering, and it's unlikely for them to recover their losses.
In the crypto world, one reason it's hard to make money is that there are too many traps. For coins like OM, the reason I glanced at it and moved on earlier is that, based on the instincts of seasoned investors, I judged it to be a strong operator coin, and retail investors participating would be at a definite disadvantage. However, objectively speaking, not all users in the crypto space are seasoned investors; many are tempted to buy into coins that are continuously rising. If you tend to chase after rising prices, you might have encountered situations similar to OM. I can only say that experience teaches us to be wiser and to accumulate enough knowledge to avoid being trapped next time.
Regarding the market, it has entered a slow upward stabilization phase over the past couple of days. For the upcoming market trends, I hope to see a gradual increase with some pullbacks along the way, but as long as the overall trend is upward, I still have a lot of confidence in the second half of the year. Whether in terms of sentiment or liquidity crisis, I feel that we've already passed the worst time. If there is a further significant crash, it would require other black swan events to occur. If you are willing to wait, that's fine, but I personally feel it's unnecessary.
Thank you for your attention and likes.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.