nosedived 98% in under an hour — but what really happened? Let’s break it down. 🧵👇
📉 Price Collapse & Panic Moves
OM fell below $1 fast, but no major exchange inflows were seen beforehand — meaning whales didn’t trigger the drop.
🔄 After the crash? 38M OM flooded exchanges. Panic selling kicked in after the damage was done.
💸 Holder Shake-Up
Top 1% holder concentration dipped from 96.4% → 95.6%. Small, but important for such a tightly held token.
Realized cap fell by $740M in just a few hours — proof of widespread liquidation & mass exits at a loss.
🔍 On-Chain Chaos
⏫ 1,400 transactions in 10 minutes
📈 574 active addresses surged during the crash
➡️ This wasn’t one wallet dumping — this was a network-wide confidence breakdown.
📊 Long-Term Holders Sat It Out
Data shows the crash wasn’t triggered by 2022 early buyers (avg cost $0.05)
The bulk of holdings? Bought around $6.66 — and they got hit hardest.
🧨 The Bigger Picture
Rumors of a “Kabal team” dump are swirling — unconfirmed. But OM’s previous 4,260% rally in 2024 already had analysts sounding alarms.
Today? OM’s bounced slightly but still down 88% in 24hrs. Current price: $0.6890
📉 Confidence is shaken. Liquidity’s thin.
This wasn’t just a dip. It was a reckoning.
#om #BinanceAlphaAlertl #BinanceAlphaAlert #CryptoDash
