Large transfers of OM tokens to exchanges like Binance and OKX were observed on-chain prior to the April 13, 2025 decline, prompting community concerns about a potential coordinated sell-off.

Quotes that support claims

One wallet received around $36 million worth of $OM tokens from a Binance address on March 21, then transferred around 4.3 million tokens to OKX across 8 transactions on Saturday.

X user Insomniac, governance lead for growth firm Castle Labs, identified three wallets that have sent millions of dollars worth of $OM tokens to exchanges OKX and Binance in recent days, indicating possible sales.