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TechFlow reported, according to Cointelegraph, that Omni Network's ERC-20 token OMNI plunged over 55% nearly 18 hours after its airdrop, losing more than half of its market capitalization. Meanwhile, a counterfeit namesake token has just experienced a "pump and dump," with its price crashing 100%.
According to CoinGecko data, the current market cap stands at $267.5 million, with a fully diluted valuation of approximately $2.57 billion.
According to Cointelegraph, Omni Network's ERC-20 token OMNI plunged over 55% nearly 18 hours after its airdrop, cutting its market capitalization by more than half. Meanwhile, a counterfeit namesake token has just been "pumped and dumped," with its price crashing 100%. Data from CoinGecko shows the current market cap at $267.5 million, with a fully diluted valuation of approximately $2.57 billion.
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