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

Immediately after the completion of the BOBA Airdrop snapshot from the Boba network, the… The post BOBA Airdrop snapshot causes OMG to plunge by 33% from daily high appeared first on Coin Journal.

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

Immediately after the completion of the BOBA Airdrop snapshot from the Boba network, the price of OMG Network plunged by 33% to $13 from a daily high of $19.35 .

BOBA token users have been looking forward to the snapshot to get tokens later this month, but their OMG tokens dropped by one third today

On Friday, a snapshot of all wallets holding OMG tokens on the layer-two Boba and Ethereum network took place at 12 am UTC. On Nov 19 the OMG holders are expected to receive BOBA that governs tokens for Boba DAO.

Boba helps to scale Ethereum smart contracts with the OMG foundation being the key determinant. BOBA token holders will have a right to submit and vote on proposals for Boba DAO.

At 12:04 am UTC Boba Network tweeted that the snapshot occurred at Ethereum block 13597967, and also on Boba Network block 15354.

Ten minutes after Boba network tweet, 100eyes crypto scanner account tweeted on the price plunge caused by OMG holders on price action