14-4-2025 – In a significant market development preceding the OM token collapse, blockchain surveillance firm Lookonchain uncovered a series of substantial deposits into centralised exchanges.
Between 7 April and the subsequent downturn, multiple cryptocurrency wallets orchestrated a coordinated movement of digital assets, with 17 distinct addresses shifting a whopping 43.6 million OM tokens to various exchanges. The transferred sum, which commanded a market value of $227 million at that juncture, constituted 4.5% of OM’s tokens in circulation.
Further scrutiny of the blockchain trail by analytics platform Arkham has established that Laser Digital, a notable strategic backer of the MANTRA project, maintained connections to two of the wallet addresses involved in these substantial transfers.
