According to ChainCatcher, based on Spot On Chain's tracking, 19 wallets previously identified as potentially belonging to the same entity and created in March transferred 14.27 million OM (approximately $91 million) to OKX at an average price of $6.375 three days before the OM crash. As early as late March, they had jointly purchased 84.15 million OM from Binance, spending around $564.7 million (at an average price of $6.711).

Now, after experiencing a drop of about 90%, their remaining 69.08 million OM is worth only $62.2 million—estimated total losses reaching $406.3 million. However, they may have hedged their positions elsewhere and could potentially have exacerbated this crash.