A wallet that had been dormant for a year transferred 2 million OM to Shane Shin's associated wallet before the crash of OM
PANews, April 14 - According to Lookonchain monitoring, five hours before the OM token plummeted, a wallet that had been inactive for a year transferred 2 million OM to a wallet possibly associated with Shane Shin (@KeunShane).
This is suspected to be related to rumored over-the-counter trading. The wallet received 2 million OM at a price of $12.58 million, but its value has now dropped to just $1.57 million. Shane Shin has publicly praised the OM token multiple times.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barcelona Football Club criticized for signing a $22 million sponsorship deal with crypto company ZKP
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
