In a noteworthy development in the market, three institutional-grade wallets have together removed 5.348M $OM, equivalent to $20M, from Binance over the last day, with each token averaging a price of $3.71. This tactical move aligns with MANTRA Chain's $1B tokenization deal with DAMAC, a major real estate player in Dubai. The crypto community is paying attention, with leading influencers emphasizing the distinctive role $OM plays in the rapidly changing RWA space. Around $20M Worth of $OM Pulled from Binance by Whales 🐳Significant on-chain activity reveals that three wallets collectively withdrew 5.348M OM tokens (~$20M) from Binance at an average price of $3.71 per token.🔸 0xb370678a20d4bdbd4923a90d013f117f905838eb withdrew 2.487M… pic.twitter.com/QUZ32lGL5V — Open4profit (@open4profit) January 23, 2025 These withdrawals are particularly timely given the prospects of Trump's presidency and its possible influence on the U.S. real estate market. With DAMAC planning a $20B expansion in the U.S. and a $1B collaboration with MANTRA for tokenization, the Trump-DAMAC-MANTRA link could transform institutional adoption of RWA in 2025. The synchronized buying behavior indicates strategic positioning by savvy investors before significant changes. On-chain analysis shows that these actions were coordinated among three wallets, each holding just enough ETH to cover gas fees: 0xb37: Withdrawn 2.487M $OM ($9.2M) - Wallet created on December 10, 2024 0xFdf: Withdrawn 1.634M $OM ($6.1M) - Displaying a steady accumulation pattern 0x361: Withdrawn 1.227M $OM ($4.6M) - Newly established wallet within the last day As MANTRA Chain positions itself as the leading regulated RWA infrastructure amid potential policy changes in the U.S., the current price around $4 could offer substantial value. It appears that smart investors are gearing up for potential price targets between $8 and $15 as the Trump-DAMAC-MANTRA collaboration progresses throughout 2025. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
