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To what extent can HODLers expect OMG to rally in the latter-half of November
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The past 24-hours have been quite dreadful for OMG Network’s token. The 77th ranked crypto shed more than 30% of its value in the aforementioned time window and was seen trading at merely $12.5 at the time of writing.
The dip was quite unanticipated, given the fact that the coin had just attained a recent high of $19.79 on 11 November.
Source: CoinMarketCap
However, market participants from one particular geographical area have the potential to change OMG’s downtrend narrative.
As per CryptoQuant’s data, South Korean exchange Upbit is currently the biggest OMG holder. It currently boasts of more than 20% of the total supply, while the likes of Binance, FTX, Coinbase and Huobi hold fairly lesser shares.
The aforementioned data brings to light
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