Why did the currency OM collapse?

🔻The largest sell-off operations by market maker FalconX transferred 10M dollars worth of $OM, which currently equals 7.02M dollars, to the #Binance and #Okx platforms.

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

🔻An unknown whale transferred 3.14M dollars worth of cryptocurrencies to the OKX platform, where it has been accumulating for a while; it's clear they will sell at a loss. 😢