- Dormant wallet moved 2M $OM just before crash
- Possible link to Shane Shin raises concerns
- $OM’s value plummeted from $12.58M to $1.57M
A crypto wallet that had been inactive for over a year suddenly transferred 2 million $OM tokens just five hours before a significant market crash. This unexpected activity has caught the attention of the crypto community, especially since the receiving wallet is believed to be associated with Shane Shin, a known investor and vocal supporter of $OM.
This transfer occurred when the value of the tokens was approximately $12.58 million. Following the crash, however, the same tokens are now valued at just $1.57 million — a dramatic loss that has only intensified speculation.
Possible Link to Shane Shin and OTC Deal Rumors
Shane Shin has repeatedly expressed public support for $OM, which is why this transaction is particularly controversial. The fact that such a large transfer happened shortly before the price tanked has led to growing whispers about potential over-the-counter (OTC) deals or insider movements.
OTC deals are common in crypto markets, especially among high-net-worth individuals and institutions looking to buy or sell large amounts without affecting market prices. However, the timing of this transfer has sparked suspicion that this may not have been an ordinary transaction.
Community Questions Intent and Transparency
This situation has triggered a wave of criticism and demands for transparency. Some in the community are asking whether there’s more behind the scenes — was this a coordinated move, or just an unfortunate coincidence?
Although no direct evidence has surfaced linking Shin to malicious intent, the association alone has cast a shadow. With $OM’s value plummeting and confidence shaken, the project may need to address these concerns head-on to restore investor trust.
