#WhaleMovements

In a shocking turn of events, $OM recorded a dramatic -89% daily drop, plunging from above $6 to as low as $0.368 in 1 hour before recovering slightly to around $0.693 (as of the time of writing). The sell-off was accompanied by a massive spike in volume over 25,000k, losing over $3.5B in market value indicating a possible mass exit or a forced liquidation event in which there are conspiracy of manipulations around.

A suspicious 3.9M $OM deposit (linked to team wallets) to OKX, fueling sell-off fears plus it was noted that the team controls ~90% supply and from the onset this had raised manipulation concerns from holders.

After peaking at $9.10 back in February $OM has been trading relatively sideways for weeks suggestive of consolidation which is due to the current market decline but still it’s held prices between $5 and $7 throughout. However yesterday, the price sliced through all key technical levels, suggesting an extremely rare and abrupt break in structure.

It’s honestly impressive how trading’s become way more accessible, and there’s a certain peace of mind knowing your funds are secure. Also caught a glimpse of something called “Super7” the other day. It looks like bingX might be gearing up for a 7-year thing. Honestly, kinda wild it’s been that long.

For now, OM remains extremely volatile and speculative. Caution is strongly advised as market participants await further developments or official statements from the project team.