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$OM crashed 90% in just 1 hour
Over $5.5 billion in value disappeared — here’s what may have caused it 🧵
1. It started with a big deposit
Yesterday, a wallet believed to be from the OM team sent 3.9 million $OM tokens to OKX exchange.
This raised red flags.
2. The team holds most of the supply
The OM team reportedly controls 90% of the total tokens. That’s a huge amount — and dangerous for price stability.
3. Price manipulation in the past
They’ve been accused of using market makers (MMs) to artificially pump the price before.
Plus, they changed tokenomics and delayed promised airdrops — upsetting the community.
4. Sell-off started today
After that OKX deposit, selling pressure increased — and then it got worse…
5. OTC deals triggered the crash
It’s rumored that OM made off-the-record (OTC) deals with big investors at 50% discounts.
When price dropped, those whales were suddenly in loss — and rushed to sell before it got worse.
6. Panic selling & liquidations followed
As more people sold, panic spread, and prices dropped further.
This caused a chain reaction of liquidations, crashing the price 90% in just an hour.
The lesson?
Always DYOR (Do Your Own Research) before investing.
Never rely only on hype — look at the team, token supply, and history.
Stay safe out there.
#crypto #om #crash #dyor #CryptoNews
$OM
Over $5.5 billion in value disappeared — here’s what may have caused it 🧵
1. It started with a big deposit
Yesterday, a wallet believed to be from the OM team sent 3.9 million $OM tokens to OKX exchange.
This raised red flags.
2. The team holds most of the supply
The OM team reportedly controls 90% of the total tokens. That’s a huge amount — and dangerous for price stability.
3. Price manipulation in the past
They’ve been accused of using market makers (MMs) to artificially pump the price before.
Plus, they changed tokenomics and delayed promised airdrops — upsetting the community.
4. Sell-off started today
After that OKX deposit, selling pressure increased — and then it got worse…
5. OTC deals triggered the crash
It’s rumored that OM made off-the-record (OTC) deals with big investors at 50% discounts.
When price dropped, those whales were suddenly in loss — and rushed to sell before it got worse.
6. Panic selling & liquidations followed
As more people sold, panic spread, and prices dropped further.
This caused a chain reaction of liquidations, crashing the price 90% in just an hour.
The lesson?
Always DYOR (Do Your Own Research) before investing.
Never rely only on hype — look at the team, token supply, and history.
Stay safe out there.
#crypto #om #crash #dyor #CryptoNews
$OM
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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