OHM Holders Wake Up To Blood, How This OlympusDAO Whale Sank Its Price by 44%
In 2021, Ethereum based OlympusDAO and its native token OHM exploded as the protocol onboarded new users seeking to leverage its high annual percentage yield (APY). At its peak, the price of OHM went from $330 to an all time high of $1,639, but the asset seems to be on a downward trend since October last year. Related Reading | Why This Token Thrives With A 38% Profit While Bitcoin And Ethereum Bleed According to Wu Blockchain, a OlympusDAO Whale triggered a cascade of liquidations on the protocol during today’s trading session. This led to a 44% crash in OHM’s price within an hour.....
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In only three weeks OlympusDAO native token OHM has gone from $812 to $1639, at the time of writing. In the 30-day chart, the token has a 74.2% profit and a 55% profit in the 7-day chart. The protocol’s fundamental continues growing at an impressive pace and could yield further gains. Data shared by the […]
Taking the market by storm, OlympusDAO’s native OHM is up 95.8% this week alone and 31.1% in the past two weeks. At the time of writing, OHM is trading at $812,76 with 7.3% profits in the 24-hour chart. With a market cap of just $68 million, OlympusDAO might have gone unnoticed by many investors. However, […]
OlympusDAO, a decentralized reserve currency protocol launched in May last year, was the target of a cyber attack that led to the siphoning of 30,000 OHM tokens valued at about $300,000. Blockchain security analytics firm PeckShield shared some information about the hack, saying there was an error in the protocol’s smart contract bonds that was […]
Crypto analyst Pure has indicated that the blood moon could be having an impact on the trajectory of the Bitcoin price. The analyst drew attention to historical trends, suggesting this might be the case and that a rally above $100,000 may be on the cards. A Bitcoin Price Rally Above $100,000 May Be On The Cards In an X post, Pure drew attention to a potential correlation between the Blood Moons over the last 12 years and the Bitcoin price action. Based on this, the analyst’s chart suggested that BTC could still rally above $100,000 soon enough, potentially reaching the current all-time....
The current bitcoin market has not been favorable for investors and is one that can be referred to as a ‘bloody market’. This is not the first time that there will be blood on the streets for the digital asset and will certainly not be the last. This is why looking at what different moves […]