'Yellow flags' mark OMG's -10.5% dump
OmiseGo's native token (OMG) was one of Thursday's top performers, gaining over +19% on the day and reaching a 30-month high $8.13.
However, the tide seems to be quickly turning for the ERC-20 coin, which has already lost -10.5% in the last 12 hours as a number of concerning on-chain and social indicators began to emerge.
Here are 5 worrying signals that we noticed in OMG's fundamentals as the correction started:
As you can see, it seems like elevated sell-offs, profit taking and growing hype are prompting a short-term OMG correction for the time being.
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