According to Glassnode, the Cost Basis Distribution for $OM indicates no major concentration of holdings from early trading periods, with the largest accumulation zone below the current spot price at $0.05, totaling approximately 26 million $OM, originating in May 2022. This zone is significantly below the largest cluster at $6.66, which holds around 197 million $OM. This distribution pattern may suggest potential trading opportunities for investors focusing on long-term accumulation zones and price movements.

According to @glassnode, analysis of exchange flows on a 10-minute resolution revealed no major inflows of $OM prior to the collapse. The most significant spike occurred post-crash, with approximately 38 million $OM traded at $0.71 on April 14, 08:20 UTC. This suggests that the movement was driven by retail panic or opportunistic trading, rather than preemptive sell-offs.

According to @lookonchain, before the $OM price crash since April 7, at least 17 wallets moved 43.6M $OM, valued at $227M at the time, into exchanges, representing 4.5% of the circulating supply. Arkham’s tagging indicates that two of these addresses are associated with Laser Digital. This substantial transfer of $OM to exchanges could have significantly impacted market dynamics, affecting the trading strategies of investors and potentially leading to the observed price drop.