The plunge in OM has attracted widespread attention from the market, especially related to the operation of giant whales. According to monitoring, multiple giant whales transferred a large number of tokens to exchanges before the OM collapse, which is considered one of the main reasons for the sharp decline in prices. Specifically, within a few days before the collapse, an entity transferred 14.27 million OMs to OKX at an average price of US$6.375. The price of OMs then plummeted by nearly 90%, causing its floating loss to reach US$406.3 million. This huge loss not only affected the entity's capital chain, but also triggered panic in the market, causing more investors to sell out, thus exacerbating the decline of OM. At the same time, the data also showed that during the OM collapse, the liquidation amount reached US$66.97 million, of which long positions accounted for the majority. This shows that market sentiment is already in a state of extreme pessimism and investors' confidence in OM has been severely hit. In terms of future trends, if giant whales continue to sell, it may lead to further depreciation of OM and even a liquidity crisis. However, considering the market's volatility and potential rebound opportunities, some investors may choose to buy on dips in the short term, trying to earn profits after the price bottoms out. Overall, the future trend of OM will be affected by the behavior of giant whales, market sentiment and the overall macroeconomic environment, and investors need to carefully evaluate risks.