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The #OM cryptocurrency, associated with the MANTRA project, experienced a catastrophic 90% price drop within just two hours on April 13, 2025.
The crash, which wiped out billions in market capitalization, was reportedly triggered by allegations that the project team dumped approximately 90% of the token's circulating supply.
Here are the key factors behind this dramatic decline:
Allegations of Team Dumping
Multiple reports claim that the #MANTRA team sold off their token allocation, representing a significant portion of the total supply.
This alleged insider sell-off caused a massive oversupply in the market, leading to a steep price collapse. Social media platforms also reported that the team deleted the project's official Telegram group, further eroding investor trust.
Market Manipulation Concerns
Critics have accused the #mantra team of manipulating token prices to facilitate over-the-counter (OTC) sales.
These actions have led to widespread calls for legal action, with some community members labeling the incident one of the biggest cryptocurrency scams in recent memory.
Broader Sentiment Issues
#Investor confidence had already been shaken by earlier concerns about tokenomics, including allegations that the team controlled up to 90% of the token supply. Additionally, dissatisfaction over poor airdrop allocations and vesting terms further fueled negative sentiment.
Lack of Communication
The absence of an official statement from #MANTRA's leadership has left investors in uncertainty. This lack of transparency has exacerbated fears and speculation surrounding the project's future.
The crash has drawn comparisons to other infamous cryptocurrency collapses, such as Terra Luna, highlighting its significant impact on the market and investor trust. As of now, OM's future remains uncertain, with trust in the project fundamentally shaken.
$BTC $ETH $SOL
The crash, which wiped out billions in market capitalization, was reportedly triggered by allegations that the project team dumped approximately 90% of the token's circulating supply.
Here are the key factors behind this dramatic decline:
Allegations of Team Dumping
Multiple reports claim that the #MANTRA team sold off their token allocation, representing a significant portion of the total supply.
This alleged insider sell-off caused a massive oversupply in the market, leading to a steep price collapse. Social media platforms also reported that the team deleted the project's official Telegram group, further eroding investor trust.
Market Manipulation Concerns
Critics have accused the #mantra team of manipulating token prices to facilitate over-the-counter (OTC) sales.
These actions have led to widespread calls for legal action, with some community members labeling the incident one of the biggest cryptocurrency scams in recent memory.
Broader Sentiment Issues
#Investor confidence had already been shaken by earlier concerns about tokenomics, including allegations that the team controlled up to 90% of the token supply. Additionally, dissatisfaction over poor airdrop allocations and vesting terms further fueled negative sentiment.
Lack of Communication
The absence of an official statement from #MANTRA's leadership has left investors in uncertainty. This lack of transparency has exacerbated fears and speculation surrounding the project's future.
The crash has drawn comparisons to other infamous cryptocurrency collapses, such as Terra Luna, highlighting its significant impact on the market and investor trust. As of now, OM's future remains uncertain, with trust in the project fundamentally shaken.
$BTC $ETH $SOL
MANTRA $OM : Outpacing the Major Layer 1s
While most Layer 1s were stuck in the grind, $OM has been quietly outpacing them in price
throughout 2024. Now, just days after their $20B Trump data center announcement, DAMAC
Group commits $1 BILLION worth of assets to #MANTRA's blockchain. The message is
clear: #MANTRA is leading the pack.
Let’s break it down:
🔳While other Layer 1s are still trying to figure out scaling, speed, utility or adoption, $OM is
already making real-world moves.
🔳$1B deal with DAMAC – it’s a huge step for tokenized real estate, hospitality, and more.
🔳The UAE’s regulated market is backing this move, bringing institutional confidence that’s
missing from most of the space.
#OM is no longer just another #Layer1 – it’s the go-to blockchain for Real-World Assets
(#RWAs).
Stack your $OM
. Thank me later.
While most Layer 1s were stuck in the grind, $OM has been quietly outpacing them in price
throughout 2024. Now, just days after their $20B Trump data center announcement, DAMAC
Group commits $1 BILLION worth of assets to #MANTRA's blockchain. The message is
clear: #MANTRA is leading the pack.
Let’s break it down:
🔳While other Layer 1s are still trying to figure out scaling, speed, utility or adoption, $OM is
already making real-world moves.
🔳$1B deal with DAMAC – it’s a huge step for tokenized real estate, hospitality, and more.
🔳The UAE’s regulated market is backing this move, bringing institutional confidence that’s
missing from most of the space.
#OM is no longer just another #Layer1 – it’s the go-to blockchain for Real-World Assets
(#RWAs).
Stack your $OM
. Thank me later.
Hey fellow traders! I'm wondering if anyone has thoughts on #Mantra's potential price drop? Do you think it's going to continue falling or is it near the bottom?
Also, regarding #VOXEL , I'm looking to take profits. When do you think it's the right time to lock in my gains? Should I aim for a specific target or trail my stop-loss?
Let's discuss!
$VOXEL
$OM
Also, regarding #VOXEL , I'm looking to take profits. When do you think it's the right time to lock in my gains? Should I aim for a specific target or trail my stop-loss?
Let's discuss!
$VOXEL
$OM
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