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OlympusDAO’s rise indicates this about rebase tokens and the larger market
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ambcrypto.comAfter Bitcoin’s fall below the bull market support band, the larger market including most of the top altcoins saw a rebound from the higher price levels.
Paving the way for losses, rebase tokens saw high sell-offs with many of them trading below lower price levels and some even below their “risk-free” value. OlympusDAO (OHM), the top rebase token as per market cap was down 66.49% from its October all-time high of $1,452.
One reason behind the fall of rebase tokens over the last month could be
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