Market Fears Rise as Large OM Token Transfers Hit Price and Uncertainty

Massive transfers of OM tokens related to the Mantra project have raised concerns within the cryptocurrency market, prompting speculation about potential market manipulation. According to blockchain analysis platform Lookonchain, at least 17 different wallets moved a combined total of 43.6 million OM tokens to leading exchanges like Binance and OKX before a sudden price drop over the weekend. The volume of these transfers raises questions about trust in the market as they happened shortly before significant price decline.