19 New Wallets Withdraw 61.52 Million OM from Binance, Impacting Total Supply

According to a recent report from COINOTAG News, on March 21st, a significant movement of cryptocurrency has been documented. Notably, data from Spot On Chain indicates that over the past four days, an entity appears to have mobilized 19 new wallets to withdraw approximately 61.52 million OM from the Binance exchange. This substantial withdrawal accounts for nearly 3.4% of OM’s total supply, executed at an average price point of $6.82, totaling around $420 million. As of now, these assets reflect unrealized losses estimated at $14.20 million, which translates to a decrease of 3.39% in value. This noteworthy liquidity event underscores the importance of monitoring wallet activities as they can significantly influence market dynamics and investor sentiment.