On April 12, on-chain analyst Yu Jin reported that a whale/institution holding 59% of the circulating supply transferred the final 278 million NOM tokens to a certain CEX, causing the NOM price to drop from $0.007 to $0.004, a decline of 45%.

Gate News message, on April 11, according to on-chain analysts Yu Jin’s monitoring, within the past half hour, the whale or institution controlling NOM with 59% of the circulating supply has continued transferring 768 million NOM tokens, worth $3.73 million, to a certain CEX. From last night to today, this entity has cumulatively transferred 1.44B NOM tokens to a certain CEX, worth $7.67 million. In the past 24 hours, the NOM price has fallen 39%.

On April 11, monitoring shows that an address set holding at least 59% of the NOM circulating supply transferred 23% of the NOM circulating supply to a certain CEX within 1 hour, causing the NOM price to drop by 25%. This address set may be the operator who recently drove the NOM price up by 6x.

Analysis indicates that addresses holding 59% of the circulating supply transferred 23% of NOM within the past hour, causing its price to drop by 25%. This address cluster may be the market maker driving NOM’s recent rally.

According to CoinGecko data, on March 30, a certain CEX's trading volume reached $766 million, an increase of 40.91% compared to the previous 24 hours. The top five tokens by trading volume were XRP, BTC, NOM, ETH, and USDT.

Gate News report, on March 30, according to Gate quotes, as of the time of writing, NOM (Onomy) is currently priced at $0.00271, down 7.44% in the last 24 hours, with a high of $0.00324 and a low of $0.00227, and a 24-hour trading volume of $1,053,800. The current market capitalization is approximately $2,509,700. Nomina is the first unified perpetual contract DEX trading platform. Its trading terminal allows users to outperform the market through preset advanced strategies—all functions can be completed on one platform. Nomina provides advanced DeFi users with complex strategy execution tools across perpetual contract DEXs, supporting multi-exchange strategy synchronization, risk management monitoring, and trading automation features, aiming to help users in decentralized derivatives trading.

The cryptocurrency market remains volatile, with Bitcoin priced at $66,500 and a total market capitalization of $2.375 trillion. Among altcoins, NOM recorded the largest increase, reaching 64.6%. Meanwhile, tensions between the U.S. and Iran are escalating, with Iran facing frequent attacks, the U.S. military increasing troop levels and preparing for ground operations, and the probability of navigation through the Strait of Hormuz dropping to 24%.