PANews reported on April 14 that according to Spot On Chain monitoring, 19 newly created wallets in March that were suspected to belong to the same entity transferred 14.27 million OMs (about 91 million U.S. dollars) to OKX at an average price of $6.375 within three days before the OM crash. As early as late March, they had jointly purchased 84.15 million OMs from Binance, spending about $564.7 million (average price of $6.711). Today, after a plunge of about 90%, their remaining 69.08 million OMs are worth only $62.2 million - their total loss is estimated to be as high as $406.3 million. However, they may have hedged their positions elsewhere, and it is possible that they exacerbated the crash.