The price of the OMG Network (OMG) fell 33% from a daily high of $ 19.35 to around $ 13 immediately after the Boba Network release ended.
A screenshot of all the OMG token wallets on the Ethereum network and the Boba Level 2 network was taken at 12 UTC on Friday. OMG holders will receive BOBA, the Boba DAO governance token, on November 19 at the time of the shooting.
Boba is an interactive tier 2 cumulative solution that helps scale Ethereum smart contracts, created by the Enya team as major shareholders in the OMG Foundation. Holders of BOBA tokens will be eligible to submit and vote on proposals in Boba DAO.
Boba Network tweeted at 0:04 UT that the snapshot took place on Ethereum block 13 597 967 and Boba Network block 15 354.
About 10 minutes later, the 100eyes Crypto Scanner account tweeted a “strange activity warning” regarding a significant price drop, possibly triggered by OMG owners trying to move on with a “selling news” price action.
Bupa Network announced an airdrop on September 20 when OMG was priced at around $ 9.50. The giveaway was part of a broader awareness campaign for Bupa’s launch of the main network.
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Since then, OMG has seen a significant increase in prices between September 29 and October 5 to $ 16.76, and most recently, on November 5, to a nearly four-year high of $ 19.35. Analysts had predicted potential price increases for OMG since Boba was announced due to strong interest in airborne droplets.
Top 10 crypto exchanges, including Binance, Crypto.com, Huobi, Gate.io, Bitfinex, Binance.US and FTX, support BOBA airdrop for its users.
According to CoinGecko, the price of OMG has risen slowly since July 21 this year, when it reached a low level of 3.21 dollars in four years.
