📉I read on X, users who lost savings of their view on $OM. I hope for them that they are the usual clown posts to get views. If you put 100% of your investment on an altcoin you have not understood anything about investments and the crypto world.  Episode of $OM, even if smaller, in my opinion is more serious than that of $UST and $LUNA because the dump occurs with sales of a few addresses (so presumably exit scam). The attack on $UST was "technical" understanding how the algorithmic stablecoin worked.

The founder John Patrick Mullin says that the dump occurred due to liquidated collateral neither exploit nor hack nor insiders/team dump. If you look at the graph it was very hyper-extended (inorganic/artificial growth) and with continuous increases for 4 months, however yesterday there was a sudden big sell-off by someone who then may have triggered other liquidations.

$OM is listed on all major exchanges, except Coinbase. The only exchange with a minimum of control is Coinbase, the others are no guarantee of anything. In fact, Binance is a guarantee of soft rug pull (after 1 year from listing, all altcoins do -90/-95%). Remember that on Binance you just have to pay to be listed or give away supplies for Web3 Wallet/Launchpad/Launchpool. Stay away from exchanges both as holding and as possible guarantees of reliability.

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