$OM #om #RWA #OMRecovery More than 91% of the current circulating supply was issued on ETH Blockchain and has been there once the last 5 years - JP Mullin,CEO, OM (Mantra Dao) 🔥🔥🔥
This guy and his team have been facing all the interviews, been on all possible public spaces, answered every single critic and have been working their guts off. Even willing to burn their tokens and buyback & burn as much as possible from the market.
Note that 26M
$OM re acquired at 5c🔥 and over 195M OM had been acquired at 6.6$🔥 add bother 100M between 7$ to 9$ and 200M between 3$ to 6$. OM has 960M odd circulating. Now do your math including the probability that if the team burns nd busy back.
$OM has to rocket seeing the market dynamics, alt season nd current n upcoming partnerships. Do consider DAMAC has not uttered a word post this dip, they igned 1billion$ deal in January with OM. There has to be something very strong bout the project.
Fun Fact now if someone today sells 10Million$ of SOL or XRP the market will crash 50% cause there is hardly as much liquidity on Binance or CEX. Most importantly BTC has top 1% holders holding 90% of Bitcoins supply. Imagine tomorrow if Mr.Saylor comes up nd sells 5000BTC on Binance, they trust me BTC will touch 20k or lesser.
This is exactly why liquidity shud be common to a consortium of exchanges. ( Something should be one about it so that gud projects and investors don't bleed unnecessarily ). Similarly if 4Million$ are pumped in on Binance just now buying OM it I'll be back to 6$ in flash but that won't be a fundamental stability call.
Note that not just OM but XRP, SOL and may other top tier Coins have unlimited supplies. Unlimited doesnt mean they click a button n sell, its not pumpfun.
To conclude,OM is a strong project which has been around since 2020. We ll have seen it grow from 1c to 9$ and the this huge drop. It still is 40x to 50x as compared to last couple of years or so. If all goes as planned as it's being seen and verified. OM will be one of the biggest forces to recon with.