Glassnode analysis: $OM plunge reflects broad market reaction, not dominated by early big players
2025-04-14 11:27:19
On April 14th, according to Glassnode analysis, $OM plummeted to below $1 in a short period of time today, and at 08:20 UTC, a large amount of 38 million, with an average price of $0.71, was transferred to the exchange, indicating panic or arbitrage behavior. During the plunge, the proportion of the top 1% holdings fell from 96.4% to 95.6%, indicating that large investors sold or liquidated. Realized market capitalization evaporated about $740 million in just a few hours. The number of transfers and active addresses surged, indicating that the market was widely involved. This round of selling was not dominated by early holders, but more reflected a systemic market reaction.
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