Mantra’s OM token crashed over 90% on April 13
WHAT ARE THE REASONS FOR MANTRA’S OM TOKEN COLLAPSE?
Mantra’s OM token crashed over 90% on April 13, 2025, due to:
– Forced liquidations: Team claims a large investor’s sell-off on a CEX triggered a cascade. Insider dumping suspicions: Community alleges team or related wallets dumped millions of tokens, though denied.
– Weak tokenomics: Overvalued market cap vs. TVL fueled distrust.Panic and miscommunication: Slow response and manipulation of rumors worsened sentiment.
No clear evidence of a rug pull or foul play, but ~$6B market cap was wiped out. Team promises more details. Do you participate in trading, or are you currently holding $OM?
𝗢𝗠 𝗰𝗿𝗮𝘀𝗵 𝗵𝗮𝘀 𝘀𝗵𝗮𝗸𝗲𝗻 𝘁𝗵𝗲 𝗲𝗻𝘁𝗶𝗿𝗲 𝗰𝗿𝘆𝗽𝘁𝗼 𝗺𝗮𝗿𝗸𝗲𝘁
$𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in value has been evaporated as the token is down 𝟗𝟎% in just 24 hours.
But why did this happen?
Due to the excessive greed of the Mantra team.
Since Q4 2023, the $OM token pulled a 𝟮𝟬𝟬𝘅 move.
The reason behind this pump was not fundamentals but market manipulation 👇
● Changed tokenomics
● Controlled 90% of supply
● Delayed community airdrop
● OTC deals to prop-up prices
● Tier-1 MMs to inflate price This did very well for 2 years until yesterday.
Initially, the dump was caused on OKX as someone sold 4 million tokens.
Due to low liquidity on weekends, prices dumped below $3, which pushed all OTC buyers into a loss.
And then the liquidation cascade happened.
From MMs to OTC buyers, everyone rushed to sell first, causing a 90% dump in a few hours.
During all this, the #OM second-biggest wallet was undelegating and sending OM to exchanges.
A perfectly planned dump to rug the community was executed.
This is why you should buy things based on fundamentals and not just pure hype.
WITH MOST OF THE $OM ALREADY DUMPED (90%), IT LOOKS LIKE THE TEAM ISN’T DONE YET.
THE MANTRA DAO STAKE WALLET JUST TRANSFERRED 38M $OM ($26.96M) TO A BINANCE COLD WALLET.
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