BitUnix analyst: OM coin plummets to zero late at night, whale withdrawal triggers panic, closely monitoring support at $0.40

According to BlockBeats, on the night of April 14th, OM coin plummeted nearly 90%, from $5.75 to $0.37, and its market value evaporated by over $5.5 billion. The reason is that Giant Whale withdrew 61.52 million OMs from Binance through 19 new wallets within 4 days, accounting for 3.4% of the total, causing panic. Two major wallets each withdrew 2.64 million coins, totaling over 21 million US dollars. To make matters worse, MantraDAO has been questioned for unlimited token issuance, severely diluting its value, and having too few verification nodes, resulting in high centralization risks. The collapse of market confidence has triggered a wave of selling and large-scale long liquidation, exacerbating the downward trend. BitUnix analyst's suggestion There are significant hidden dangers in the fundamentals of the project, and the team's reputation and token economy have serious flaws that have not yet been repaired. Investors need to remain vigilant and risk aware, and should not chase high or heavily invest in a single high-risk token.