#BinanceSafetyInsights OM – The Shock Collapse and the Untold Angles
In just 1 hour, $OM lost over 90% of its value, erasing a growth of 900x since 2023. A collapse that left the entire community stunned.
Signs of abnormality before the collapse:
1. Concentrated supply:
10 large wallets hold up to 30% of total supply – easy to manipulate prices.
2. Lack of transparency:
On April 11, the project quietly burned 18 million tokens, spreading news as a “good news” to boost prices.
In just 1 hour, $OM lost over 90% of its value, erasing a growth of 900x since 2023. A collapse that left the entire community stunned.
Signs of abnormality before the collapse:
1. Concentrated supply:
10 large wallets hold up to 30% of total supply – easy to manipulate prices.
2. Lack of transparency:
On April 11, the project quietly burned 18 million tokens, spreading news as a “good news” to boost prices.