OmiseGO (OMG) Price Collapse Triggered by Whale Liquidation and Market Liquidity

The issue isn't with OmiseGO (OMG) itself, but rather with the OMG token's specific circumstances. A few months ago, the token's price dropped sharply from $7 to $0.4 within just one or two hours. The exact cause of this plummet remains uncertain, but it appears that a single large investor, or 'whale,' collateralized USDT with OMG on a particular exchange, which then decided to liquidate their position at that moment. Because the order books were largely empty at the time, with only moderate trading volume, the sell-off triggered a cascade of liquidations and a panic sell-off among traders. This event highlights the vulnerabilities related to liquidity and market depth for the OMG token, rather than any fundamental issues with the OmiseGO project itself.