The largest Real World Asset (RWA) token, $OM, took a massive hit on April 13, crashing by 90% and wiping out a jaw-dropping $5.5 billion in market cap!
Here’s the breakdown:
Just before the crash, a whale moved 4 million $OM tokens to OKX
As they began offloading, the price instantly nosedived 35% — thanks to low weekend liquidity
This triggered a liquidation domino effect, especially with many traders being leveraged long
To make matters worse, some OTC buyers grabbed $OM at a 50% discount earlier
Once the price fell below that discount level, panic kicked in, and the token spiraled down 90%
First it was $RUNE, now it's OM — 2025 is testing the patience of every crypto holder out there
Hold tight, fam! The market’s wild ride isn’t over yet.