According to Spot On Chain monitoring, 19 newly created wallets it previously tracked, suspected to belong to the same entity, transferred 14.27 million OMs (about $91 million) to OKX at an average price of $6.375 within three days before the OM crash. As early as late March, they jointly purchased 84.15 million OMs from Binance, which cost about $564.7 million (average price of $6.711). Now, after a plunge of about 90%, their remaining 69.08 million OMs are worth only $62.2 million - an estimated total loss of $406.3 million. However, they may have hedged their positions elsewhere, and it is possible that they have exacerbated the plunge.