Why did the currency $OM collapse?

🔻The largest sell-offs by the market maker FalconX transferred 10 million $OM, which currently equals 7.02 million dollars, to the #Binance and #Okx platforms.

🔻Also, the market maker Wintermute transferred 2.60 million dollars worth of cryptocurrencies to the Binance platform.

🔻An unknown whale transferred 3.14 million dollars worth of cryptocurrencies to the OKX platform, which it had been accumulating for a while; it is clear that it will sell at a loss 😢