Before the sharp drop in OM coin prices, it is suspected that Shane Shin's associated wallet received 2 million OM token transfers

According to a report by Golden Finance, as monitored by Lookonchain, 5 hours before the sharp drop in OM token prices, a wallet that had been dormant for a year transferred 2 million OM tokens to the address of Shane Shin (@ KeunShane), a suspected founding partner of Shorooq Partners. The transfer was worth approximately $12.58 million at the time, but its current value has decreased to $1.57 million. It is reported that Shorooq Partners is a venture capital firm focused on seed round financing in the Middle East and North Africa region.