BOBA Airdrop snapshot causes OMG to plunge by 33% from daily high

2 years ago 254

Immediately aft the completion of the BOBA Airdrop snapshot from the Boba network, the terms of OMG Network plunged by 33% to $13 from a regular precocious of $19.35 .

BOBA token users person been looking guardant to the snapshot to get tokens aboriginal this month, but their OMG tokens dropped by 1 3rd today

On Friday, a snapshot of each wallets holding OMG tokens connected the layer-two Boba and Ethereum web took spot astatine 12 americium UTC. On Nov 19 the OMG holders are expected to person BOBA that governs tokens for Boba DAO.

Boba helps to standard Ethereum astute contracts with the OMG instauration being the cardinal determinant. BOBA token holders volition person a close to taxable and ballot connected proposals for Boba DAO.

At 12:04 americium UTC Boba Network tweeted that the snapshot occurred astatine Ethereum artifact 13597967, and besides connected Boba Network artifact 15354.

Ten minutes aft Boba web tweet, 100eyes crypto scanner relationship tweeted connected the terms plunge caused by OMG holders connected terms action

🚨 Crypto alert:
[#OMG#BTC] Bizarre Activity alert (15m)
[#OMG#USDT] Bizarre Activity alert (15m) pic.twitter.com/OnmfSltaGo

— 100eyes Crypto Scanner 🌐 (@100eyesCrypto) November 12, 2021

On September 20, erstwhile OMG was astir $9.50 Boba Network announced the airdrop which was portion of the larger run that promoted the launching of Boba Network mainnet.

After the launching of Boba Network Mainnet, OMG has seen an summation successful the terms betwixt Sep. 29 and Oct. 5 to $16.76, the caller astir to a four-year precocious of $19.35 connected Nov.5. Analysts had predicted a higher magnitude of involvement and prices connected OMG aft the Boba announcement.

Due to galore users, BOBA airdrop is getting enactment from 1 of the apical -10 crypto exchanges including Huobi, Binance.US, FTX, crypto.com, Bitfinex, Binance, and Gate.io.

According to coingecko, OMG's terms has been gradually expanding since July 21 this twelvemonth pursuing a four-year debased driblet of $3.21.

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