NOM Token Drops 33% Amid High Volatility, Surging 295% in Trading Volume After Rebranding

NOMUSDT experienced high volatility in the last 24 hours, with the price dropping by 33.91% from an open of $0.01787 to $0.01181 on Binance, despite a previous surge attributed to intense speculative interest following the token's rebranding from Omni Network (OMNI) to Nomina (NOM), a token swap at a 1:75 ratio, and expanded exchange listings. The dramatic increase in trading volume—up nearly 295%—reflects heightened market activity and participation by buyers near key support levels, while technical indicators point to overbought conditions, contributing to recent liquidations and a sharp price correction. Nomina’s circulating supply is 2.9 billion NOM out of a 7.5 billion total supply, with a 24-hour Binance volume of $487.02 million and market capitalization estimates ranging from $34.45 million to $51.62 million across major platforms.