According to @OnchainDataNerd, the price of $OM plummeted 90% from $6 to $0.4 within 6 hours. In the last three days, 24.4 million $OM tokens, valued at $143.94 million, were deposited into OKX from five wallets. Notably, four of these wallets previously withdrew tokens from Binance and subsequently transferred them to OKX, while the fifth wallet is linked to Laser Digital. This significant movement of tokens could indicate strategic shifts in trading positions or preparation for market maneuvers, which traders should closely monitor.

According to Moonshot, they have introduced a new feature that utilizes a custom algorithm to automatically display top trending tokens on their homepage, even if these tokens have not been verified by Moonshot. This development aims to democratize access to on-chain data, potentially influencing trader decisions by highlighting emerging tokens earlier than traditional verification methods. This could provide traders with early insights into market trends, enhancing strategic decision-making.