Olympus Sheds 35% in Price and USD 474M in Market Cap as Whale Dumps the Coin
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 li...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Trump wants the US to become a Bitcoin whale, but Congress controls the wallet
President Donald Trump said on Aug. 20 that the US is considering accumulating sizable amounts of Bitcoin and other cryptocurrenci...
Nearly 1 in 5 crypto spot trades now happen on DEXs as centralized exchange volume collapses
Centralized crypto exchanges lost 31.2% of their spot crypto trading volume in July, falling to $727 billion and marking the lowes...
Bitcoin Hits $70,000 as Trump Pushes CLARITY Act, Hyperliquid Surges and $1.4 Billion in Shorts Get Wiped Out
By late trading, Bitcoin was changing hands around $69,200, up approximately 7% over 24 hours after starting the session near $64,...
Evernorth explores DeFi on XRP Ledger with native lending framework review
Evernorth's DeFi exploration on the XRP Ledger could enhance its financial service offerings, potentially boosting XRP's long-term...
Future of finance: $700 million of real-world asset inflows enter Solana for tokenized equities
Solana's growing role in tokenized equities could reshape financial markets, enhancing blockchain adoption and influencing future...
GSR’s Andy Baehr makes the case for tokenized fixed income as the collateral layer traditional finance actually needs
Tokenized fixed income's adoption highlights its potential to enhance collateral efficiency, streamline transactions, and reduce c...