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OMG Tanks Over 25% as Exchanges See Record Inflows After BOBA Airdrop snapshot

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The uptick within the lead-up to the airdrop snapshot and the following sell-off is said to the “buy the rumor, sell the fact” commerce typically noticed in inventory markets and lately seen in bitcoin. The idea is predicated on the idea that market members, being forward-looking, have a tendency to purchase an asset when anticipating constructive developments and take revenue, driving the market decrease on affirmation of the information.

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