An entity is suspected of transferring 14.27 million OM to OKX in the 3 days before the OM crash through 19 wallets.

According to Spot On Chain, 19 newly created wallets previously tracked by Spot On Chain, suspected of belonging to the same entity, moved 14.27 million OMs (about $91 million) to OKX at an average price of $6.375 in the three days before the OM crash. Back in late March, they bought 84.15 million OMs from Binance together for about $564.70 million (average price $6.711). Now, after a roughly 90% plunge, their remaining 69.08 million OMs are worth just $62.20 million - estimating a total loss of $406.30 million. However, they may have hedged their positions elsewhere, and it is possible that they exacerbated the plunge.