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OMTokenCrash

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Ek San
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Ek San
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🚨BINANCE LISTED MANTRA DAO ($OM) IN #2021 — WARNINGS RESURFACE AMID CRASH

šŸ”¹Binance listed $OM on March 8, 2021, in its Innovation Zone, warning of high volatility

šŸ”¹Trading pairs: OM/BTC, OM/BUSD, OM/USDT

šŸ”¹MANTRA DAO presented as a DeFi staking, lending, and cross-chain platform

šŸ”“Past red flags resurface:

šŸ”»Alleged ties to 21Pink, an online gambling platform

šŸ”¹False claim of FTX investment (denied by FTX)

šŸ”¹Binance charged 0 BNB listing fee, but flagged trading risk

šŸ”»Token now down ~85%, trading at $0.90, after recent 90% flash crash

- Binance Announcements

#MANTRA #Binance
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Bullish
šŸšØš‘“š’‚š’š’•š’“š’‚ š‘¹š’†š’”š’‘š’š’š’…š’” š‘Øš’‡š’•š’†š’“ š‘·š’“š’š’š’š’š’ˆš’†š’… š‘ŗš’Šš’š’†š’š’„š’† š‘Øš’Žš’Šš’… š‘“š’‚š’“š’Œš’†š’• š‘»š’–š’“š’Žš’š’Šš’ā— Following nearly two hours of silence, the Mantra team has issued a brief statement addressing the recent market turbulence that saw the $OM token plummet by over 88%, currently trading at $0.6964. In a short message posted on social media, the team stated: Mantra community – we want to assure you that MANTRA is fundamentally strong. Today’s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: this was not our team. We are looking into it and will share more details… Despite this initial response, the statement has left many questions unanswered. The team has yet to provide a technical breakdown or any on-chain analysis to clarify the incident. While they deny any involvement and suggest that the situation was driven by aggressive liquidations rather than an exploit or malicious activity, the lack of immediate communication has drawn concern from the community. As of now, further details are awaited to better understand what triggered the dramatic sell-off and subsequent cascade. The community remains in anticipation of a more comprehensive explanation. #MantraCrisis #OMTokenCrash #CryptoLiquidation #DeFiTransparency $OM {future}(OMUSDT)
šŸšØš‘“š’‚š’š’•š’“š’‚ š‘¹š’†š’”š’‘š’š’š’…š’” š‘Øš’‡š’•š’†š’“ š‘·š’“š’š’š’š’š’ˆš’†š’… š‘ŗš’Šš’š’†š’š’„š’† š‘Øš’Žš’Šš’… š‘“š’‚š’“š’Œš’†š’• š‘»š’–š’“š’Žš’š’Šš’ā—

Following nearly two hours of silence, the Mantra team has issued a brief statement addressing the recent market turbulence that saw the $OM token plummet by over 88%, currently trading at $0.6964. In a short message posted on social media, the team stated:
Mantra community – we want to assure you that MANTRA is fundamentally strong. Today’s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: this was not our team. We are looking into it and will share more details…

Despite this initial response, the statement has left many questions unanswered. The team has yet to provide a technical breakdown or any on-chain analysis to clarify the incident. While they deny any involvement and suggest that the situation was driven by aggressive liquidations rather than an exploit or malicious activity, the lack of immediate communication has drawn concern from the community.

As of now, further details are awaited to better understand what triggered the dramatic sell-off and subsequent cascade. The community remains in anticipation of a more comprehensive explanation.

#MantraCrisis
#OMTokenCrash
#CryptoLiquidation
#DeFiTransparency
$OM
$OM The Billion-Dollar Deception: How the OM Team Crashed the Market and Left Everyone in Shock $OM What Really Happened: 1. Tokenomics Flip-Flop: In 2024, OM shifted to an unlimited inflation model, pushing the total supply to 1.77 billion tokens — massively diluting holder value. 2. Fake Liquidity Show: The team allegedly exploited validation system gaps to simulate high trading volume, misleading the market. 3. Whale Dumping Frenzy: Millions of tokens were sent to exchanges and dumped, triggering a brutal price collapse. 4. Insider Shenanigans: Strong speculation surrounds insider manipulation, with reports of early sell-offs by team members and key investors. Founder John Patrick Mullin pointed fingers at centralized exchanges, blaming forced liquidations — but actions speak louder than words. The promised recovery plan, including token buybacks and a 300M token burn? Never happened. Takeaways: Be wary of projects that shift tokenomics overnight. Keep an eye on large wallet activity. Diversify — don’t go all in on one token. Watch for red flags like fake hype and insider movements. Your call: Keep riding this wild, risky wave — or start following smart, clean trades that actually deliver results? Me? I’m watching for 3 cents — pure gamble territory. Not a real investment. #CryptoScamAlert #OMTokenCrash #BinanceAlphaAlert #USChinaTensions
$OM
The Billion-Dollar Deception: How the OM Team Crashed the Market and Left Everyone in Shock
$OM

What Really Happened:

1. Tokenomics Flip-Flop:
In 2024, OM shifted to an unlimited inflation model, pushing the total supply to 1.77 billion tokens — massively diluting holder value.

2. Fake Liquidity Show:
The team allegedly exploited validation system gaps to simulate high trading volume, misleading the market.

3. Whale Dumping Frenzy:
Millions of tokens were sent to exchanges and dumped, triggering a brutal price collapse.

4. Insider Shenanigans:
Strong speculation surrounds insider manipulation, with reports of early sell-offs by team members and key investors.

Founder John Patrick Mullin pointed fingers at centralized exchanges, blaming forced liquidations — but actions speak louder than words. The promised recovery plan, including token buybacks and a 300M token burn? Never happened.

Takeaways:

Be wary of projects that shift tokenomics overnight.

Keep an eye on large wallet activity.

Diversify — don’t go all in on one token.

Watch for red flags like fake hype and insider movements.

Your call:
Keep riding this wild, risky wave — or start following smart, clean trades that actually deliver results?

Me? I’m watching for 3 cents — pure gamble territory. Not a real investment.

#CryptoScamAlert #OMTokenCrash #BinanceAlphaAlert #USChinaTensions
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