According to Onchain data, a large whale has been hit by the sudden drop and high volatility in the cryptocurrency market. Just a month ago, the unfortunate whale purchased 2.9 million Mantra (OM) tokens worth $18.7 million on cryptocurrency exchange Binance at an average price of $6.46. Today, the whale wallet deposited 1.72 million OM tokens worth $1 million back to Binance. Currently, the total amount of damage caused by this whale is around 17 million dollars. Related News: After Waiting Patiently For 2.5 Years In This Altcoin, The Cryptocurrency Whale Gave Up Today: Missed 1 Million Dollar Profit As is known, the OM price fell by approximately 90% due to allegations of manipulation, wiping out $ 5 billion from its total market value. Two names who had previously been subject to allegations of manipulation in the REEF token were accused of being the cause of the decline. Cryptocurrency detective ZachXBT did not comment on whether the development team was aware of the manipulation regarding the decline. According to allegations, the two accused individuals had applied to many credit institutions before the OM fall and wanted to take out large amounts of loans with OM collateral. *This is not investment advice. Continue Reading: Unlucky Giant Cryptocurrency Whale Lost $17 Million on This Altcoin It Bought Just One Month Ago
