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Before the big dump of OM coin price, a wallet suspected to be associated with Shane Shin received a transfer of 2 million OM tokens.
According to Jinse Finance, Lookonchain monitored that 5 hours before the big dump of the OM Token price, a wallet that had been dormant for a year transferred 2 million OM Tokens to a suspected address associated with Shorooq Partners founding partner Shane Shin (@KeunShane). The transaction was worth approximately 12.58 million USD at the time and has now dropped to 1.57 million USD. According to reports, Shorooq Partners is a venture capital firm focused on seed funding in the Middle East and North Africa region.