NOM Drops 45% After Wallet Cluster Returns 1.72 Billion Tokens to Binance

According to the latest update, an entity controlling about 59% of NOM’s circulating supply sent the final 278 million tokens to Binance, as NOM fell from $0.007 to $0.004.

50d ago

Fact Check

The fetched PANews article '持有至少59%NOM流通量的一组地址过去1小时向Binance转入约6.74亿枚NOM | PANews' directly supports the first part of the claim: a wallet cluster controlling about 59% of NOM circulating supply sent roughly 674 million NOM to Binance, and NOM fell about 25%. In addition, the Odaily links were traced to two EmberCN X posts, one matching the 674 million transfer report and another appearing to be a later update. However, because the X posts themselves could not be fetched, the specific later figures in the user content—1.442 billion NOM cumulatively transferred and a 39% 24-hour decline—are not directly validated in this run. No fetched source contradicted the claim, but corroboration beyond the PANews report was limited.

Summary

A whale or institution controlling about 59% of NOM’s circulating supply has completed the return of all 1.72 billion NOM it withdrew from Binance on April 1, according to the latest update. The final transfer involved 278 million NOM worth about $1.24 million, concluding a series of deposits made over roughly the past day and a half across seven wallets. During that period, NOM fell from $0.007 to $0.004, a decline of about 45%. The source identifies the wallet cluster as a single controlling entity but does not confirm whether the Binance deposits resulted in actual selling.

Terms & Concepts

Circulating supply: The number of tokens currently available for trading in the market, excluding tokens that are locked, reserved, or otherwise unavailable.
Binance: A cryptocurrency exchange where users can deposit, trade, and withdraw digital assets.
Whale: A holder controlling a very large amount of a token, whose transfers can influence market sentiment and liquidity.