Why did the currency OM collapse?

🔻The largest selling operations by the market maker FalconX transferred $10 million OM, which is currently worth $7.02 million, to the #Binance and #Okx platforms.

🔻Also, the market maker Wintermute transferred $2.60 million from currencies to the Binance platform.

🔻An unknown whale transferred $3.14 million from currencies to the OKX platform, which has been accumulating for a while, clearly indicating they will sell at a loss 😢