The $OM collapse isn’t like $LUNA
There was no stablecoin, no algorithmic loop, no BTC reserve backing the system
With $LUNA, the crash was triggered by a depeg
With $OM, it was pure execution, a calculated exit
43 million tokens were sent to exchanges during a quiet, low liquidity weekend
The team didn’t defend the price
They didn’t communicate
They just dumped
Price nuked 90%, $36M in longs were liquidated, and $5.6B in value vanished
Same retail pain, different mechanics
This wasn’t a black swan
It was silence and timing
And it worked
I’d personally stay far away from $OM
What they showed this weekend isn’t something you can rebuild with a tweet

From X
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