PANews reported on April 14 that according to Glassnode analysis, $OM plummeted to below $1 in a short period of time today, and at 08:20 UTC, 38 million coins were transferred to the exchange at an average price of $0.71, indicating panic or arbitrage behavior. During the plunge, the top 1% holding ratio dropped from 96.4% to 95.6%, indicating that large holders sold or liquidated. The realized market value evaporated by about $740 million in just a few hours. The surge in the number of transfers and active addresses indicates a large-scale market participation. This round of selling was not led by early holders, but more reflected a systemic market reaction.