BOBA Airdrop snapshot causes OMG to plunge by 33% from daily high

Immediately aft the completion of the BOBA Airdrop snapshot from the Boba network, the terms of OMG Network plunged by 33% to $13 from a regular precocious of $19.35 .

BOBA token users person been looking guardant to the snapshot to get tokens aboriginal this month, but their OMG tokens dropped by 1 3rd today

On Friday, a snapshot of each wallets holding OMG tokens connected the layer-two Boba and Ethereum web took spot astatine 12 americium UTC. On Nov 19 the OMG holders are expected to person BOBA that governs tokens for Boba DAO.

BOBA and OMG link

Boba helps to standard Ethereum astute contracts with the OMG instauration being the cardinal determinant. 

BOBA token holders volition person a close to taxable and ballot connected proposals for Boba DAO.

Boba Airdrop snapshot

At 12:04 americium UTC Boba Network tweeted that the snapshot occurred astatine Ethereum artifact 13597967, and besides connected Boba Network artifact 15354.

Ten minutes aft Boba web tweet, idiosyncratic named "100eyes crypto scanner" tweeted astir the terms plunge citing that tit was caused by OMG holders trying to commercialized the news.

🚨 Crypto alert:
[#OMG–#BTC] Bizarre Activity alert (15m)
[#OMG–#USDT] Bizarre Activity alert (15m) pic.twitter.com/OnmfSltaGo

— 100eyes Crypto Scanner 🌐 (@100eyesCrypto) November 12, 2021

Boba Network announced the airdrop connected September 20 arsenic portion of a larger run towards the motorboat of Boba Network mainnet.

After the launching of Boba Network Mainnet, OMG has saw an summation successful the terms to a four-year precocious of $19.35 connected Nov.5. 

Previously, analysts had predicted a higher magnitude of involvement and prices connected OMG aft the Boba Airdrop announcement.

BOBA airdrop has a batch of enactment including from apical crypto exchanges including Huobi, Binance.US, FTX, crypto.com, Bitfinex, Binance, and Gate.io.