TechFlow, May 5 — According to AMBCrypto, a whale transferred 2 million OM tokens (worth approximately $871,000) to Binance, realizing a loss of around $25.44 million. This move followed the whale's withdrawal of 4 million OM tokens (valued at about $27.18 million) six weeks earlier.
As a result, OM's price broke below its downward channel, plummeting from above $6 to below $0.50. At the time of writing, OM was trading at $0.4152, down 4.93% in 24 hours. On-chain data shows only -2.13% of holders are currently in profit, large holder concentration has decreased by -0.05%, and large transaction volume has dropped by 11.29%. The MVRV Z-Score has fallen to -2.36, indicating the market is broadly experiencing unrealized losses.
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