Why is OMG crypto dropping?

To claim your airdrop tokens, users must bridge their OMG to Boba Network through the gateway or a partner bridge with the same wallet address that held the OMG on L1 .

The price of OMG Network (OMG) has plunged 33% from a daily high of $19.35 down to around $13 immediately after completion of the snapshot for an airdrop from the Boba Network.

However, OMG is one of the biggest losers so far today. The coin is down by more than 30% over the past 24 hours and risks dropping lower over the coming hours. The dip was caused by the completion of the snapshot for an airdrop from the Boba Network .