$M Dropped 80%, is this about to replicate the $OM script? Today it directly topped the contract loss leaderboard, crashing from around 2.8U all the way to 0.4~0.5U. In just a few hours, nearly $3 billion in market cap was wiped out. This is no ordinary pullback—it's a classic liquidity stampede. In fact, ZachXBT had warned about the risks earlier. The project team and internal addresses control over 90% of the token supply, with actual circulating supply extremely low, yet they propped up an ultra-high valuation. Once someone sells in bulk, buy orders simply can't absorb it, and the price spirals out of control instantly. More critically, on-chain liquidity has been thinning out. Large sell orders crash through the depth, and the token price plunges like a free fall. Looking at the broader environment, it's not optimistic either. BTC briefly fell below $60K last night, and although it has bounced back to around $61K, market sentiment remains bearish, with the Fear & Greed Index already deep in extreme fear territory. In such market conditions, projects with weak fundamentals and concentrated token holdings are often the first to be liquidated by the market. Every time such a crash happens, someone always sees it as a "golden pit" or "buy-the-dip opportunity." But if 90% of the supply is held by a few people and liquidity is nearly dry, what’s driving the rebound? This structure really looks similar to the collapse of $OM. Do you think this is an unjust selloff, or another case heading toward zero? Anyone around you caught in this? #0成本拿2股SK海力士