$OM SELL-OFF BREAKDOWN

Summary from the TLDR Crypto newsletter

A massive sell-off, triggered largely by aggressive shorting on Binance Perps and a mystery whale dumping millions on OKX, saw $OM (Mantra) lose 95% of its value in just hours. A deep-dive into the event revealed clues pointing to a long-time staker possibly linked to the chaos, suggesting the sell-off may have been more than just panic.