OHM, the native token of decentralized finance (DeFi) protocol Olympus, plunged by nearly 35% at around 2 am UTC on January 17, as a whale unloaded OHM 82,526 (worth USD 13.3m at the time), which triggered a series of liquidations that exacerbated the price drop.
In terms of market capitalization, OHM shed nearly USD 474m following the sell-off, plummeting from USD 1.35bn to around USD 877m in an hour….
Read More: Olympus Sheds 35% in Price and USD 474M in Market Cap as Whale Dumps the Coin