$OM Sees Sharp Decline Amid Market Volatility

According to PANews, data from Glassnode shows that $OM underwent a steep decline today, briefly dropping below the $1 threshold. At 08:20 UTC, a significant transaction involving 38 million tokens—at an average price of $0.71—was sent to exchanges, likely driven by panic selling or arbitrage. During this period, the top 1% holder concentration fell from 96.4% to 95.6%, indicating that large holders were offloading or liquidating their assets. The realized market value dropped by roughly $740 million within a matter of hours. A notable increase in both token transfers and active addresses suggests strong market engagement. This sell-off appears to be a broader market response rather than an action initiated by early investors.

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