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Zahidul Islam | .base.eth
@zahidul
$OM just crashed 90% in under an hour — over $5.5B in market cap wiped out instantly. DUMP REASON: 1. Team Resignation: Reports suggest the Kabal team behind $OM resigned right before the crash. Just after the news, over $590M worth of $OM was moved to exchanges, pointing to a likely massive insider sell-off. 2. Supply Control Rumors: Allegedly, the team held 90% of the total supply. With such concentrated control, the risk of OTC dumps and sudden liquidation was dangerously high. Outcome: • Airdrop holders got completely rekt. • Long-term investors are left holding the bag. • Community faced the brunt of what looks like insider exit liquidity. This situation highlights the danger of projects with zero transparency, poor tokenomics, and centralized supply.
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