According to Crypto Rover, before the $OM crash, 17 wallets transferred 43.6 million $OM tokens, valued at $227 million, to exchanges, accounting for 4.5% of the circulating supply. Notably, two wallets are linked to Laser Digital, a strategic investor, indicating potential insider activity influencing the market downturn.

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.

According to Lookonchain, a hacker is actively transferring $1.4 billion of stolen cryptocurrency into multiple wallets. This movement of funds could impact market liquidity and prompt increased scrutiny from exchanges and regulators. Traders should monitor wallet activities and adjust their strategies accordingly. Source: Lookonchain.