😅To be honest with those who are shouting $OM to raise it back to $6, that's not going to happen, really.
- First, I heard there are 17 wallets dumping at the same time causing the price to evaporate in 15 minutes. Oh, $6-7 billion evaporating in 15 minutes? That sounds ridiculous and how could these 17 wallets gather such a large supply to dump?
- Second, the project owner said they would burn 300M tokens from the team, but that is the amount of tokens that will gradually unlock until 2029 or something, not right now. So what do these guys have to shout it up to $6 anytime soon, and this 300M tokens mean nothing compared to the nearly $7 billion loss in 15 minutes. Not to mention the price may continue to drop in the future. So don't fully trust those random posts from the project clarifying things, if it's a scam, will it say it's a scam? No.🤣
- Third, before the strong drop, OM had already gotten into trouble with the entire community, no joke. Now that the community has turned their backs, looking around, those shouting OM up to $6 anytime soon are just gamblers passing by. Furthermore, I dare say that 99% of people holding OM cannot offload their holdings because they suffered significant losses when it dropped in less than 15 minutes.
- Fourth, do you still remember $LUNA ? After the first collapse, it promised everything, almost got saved by CZ. And then what, the collapse was too strong, the community turned their backs, and no one dared to save it.
- Finally, I honestly share that if there is any glimmer of hope in OM, it still has a chance to recover (in case they are not scamming, but at this point, scamming is 90% already). And the recovery could take at least 3-5 years, not anytime soon. The community is shattered now, so it can only be torn down and rebuilt, but the chances are very low.
