According to Lookonchain, a crypto trader experienced a significant loss of approximately $17 million by trading OM coin. Initially, the trader withdrew 2.9 million OM, valued at $18.7 million, from Binance at a price of $6.46 per OM. Recently, the trader re-deposited 1.72 million OM back into Binance, now worth only $1 million, marking a substantial loss. Such transactions highlight the volatility and risks involved in cryptocurrency trading, especially on platforms like Binance.