In April, that 'chokehold'? $OM dropped from $6 to $0.37, directly joining the '90% broken bone club'. The project team was bewildered on the spot and had no choice but to shift the blame to the 'liquidation algorithm'. 🫠

Then, gritting their teeth, they decided to self-immolate: preparing to burn 300 million OM tokens, with the founder throwing in half first, striking a pose of being 'so poor that only belief remains'. After burning, the supply decreased, and everyone raised the APR of their pledges a bit—consider it giving the believers a little sugar.

Currently, the price is still bouncing around $0.4, with longs and shorts like a dancing machine with no signal, freezing after a couple of steps. But to be fair, overselling coupled with reduced supply will always brew some rebound sparks. If you really want to seize this wave of 'the corpse bouncing back', you need to confirm two things first:

🔥 Is the token truly burned clean?

💧 Is the market water level warming up?

With enough heat and water, the pizza could turn from 'charcoal' to 'cheesy stretch'. It's better to observe and not act impulsively, as the oven is too hot—eating melons carelessly can easily burn your mouth.

However, the aggressive brothers can participate a bit at $0.4 with a small position; the stop loss is just about ten points. That's how I see it!