ohm

➡️ Whale Dump Sparks Panic Sell-Off

A major whale sent 2M OM (worth $871K) to Binance

This same whale had previously withdrawn 4M OM worth $27M just six weeks ago

They've now sold at a huge loss — around $25M — signaling capitulation

Large-scale dumps like this can destabilize smaller tokens like $OM

📉 OM Drops to $0.4152 — Is the Bleeding Over?

Price fell 5% in a day, breaking below the key $0.50 mark

Broke down from a falling channel — a bearish technical signal

Long wick on the chart suggests panic or forced selling

RSI at 17.2 — extremely oversold (a bounce is possible, but risky)

MACD is flattening, hinting that selling pressure might be easing

⚠️ On-Chain Metrics Signal Weakness

Network growth is sluggish (only 0.69% new users)

Nearly all holders are in the red — just -2.13% in profit

Whale concentration is declining (-0.05%)

Large transactions are down 11.29% — whales are backing off

📊 Valuation Metrics — Undervalued or Still Risky?

MVRV Z-score: -2.36 → Deep in loss territory (often a bottom sign, but needs buyers)

NVT Ratio: 26.37 → Suggests OM is overpriced relative to on-chain activity

Stock-to-Flow: 0.834 → High circulation, low scarcity — bearish for long-term value

🤔 What It Means for OM

The project is struggling with weak fundamentals and whale exits

A short-term bounce could occur due to oversold conditions

Real recovery hinges on improved utility, user growth, and stronger tokenomics

⏳ Bottom Line
Mantra is under intense pressure. While a technical rebound may happen, long-term upside will require rebuilding investor confidence and boosting on-chain activity.
#ohm #StrategicBTCReserve #USStablecoinBill