OMrugpull
13,979 views
7 Discussing
Hot
Latest
What will happen one day when everyone wakes up another crypto coin will hit deeper rug pull? And it goes on and on?
#OMrugpull
#OMrugpull
$OM Be ready for the another bearish after the 3.5$ its come to $0.49 what do you think about it give your comments I am looking this at 0.45cents again becareful everyone. #btc #OMrugpull
$OM Look at this ponzi. RIP who believed in it's so called "Fundamentals" and invested long term. That's why the OG investors only believe in #btc that still holds a 60+ percent market dominance admist of all those thousands of "innovative" projects. projects like these call for strict regulations and CEX shall also implement safeguards esp. limiting changes in tokenamics once the project is listed.
#Binance #btc #OMrugpull #Regulation
#Binance #btc #OMrugpull #Regulation
See original
Just woke up to see many Brothers have shorted at the price level of $6 $OM and many longs have also been liquidated, congratulations to the Short Brothers and condolences to the Long Brothers.
I am temporarily long at the 0.7x range to see the recovery movements back to $OM from the founder and Binance, small volume lottery drinking coffee because this bet is too risky.
#OMrugpull $BTC
I am temporarily long at the 0.7x range to see the recovery movements back to $OM from the founder and Binance, small volume lottery drinking coffee because this bet is too risky.
#OMrugpull $BTC
See original
The collapse of OM (-90% in hours) on CEX on 13/4/25 raises suspicion of an "rug pull" orchestrated by insiders. On-chain analysis shows suspicious movements of tokens from wallets linked to investors (Laser Digital, Shorooq Partners) to exchanges shortly before the collapse. Specific accusations against the founder of Reef Finance and "Fukogoryushu". Manipulation of DAO for vesting and use of OM as collateral for risky loans being liquidated is hypothesized. Mantra denies the "rug pull", attributing the collapse to "forced liquidations" on CEX with low liquidity, excluding Binance. They claim that the team’s tokens are locked and that the identified wallets may be mislabeled. Other possible causes: massive liquidation, speculative bubble, tokenomics changes. Investigations ongoing. Volatility and crypto risks.
#NFTOMEGA #omrugpull #Rugpull
#NFTOMEGA #omrugpull #Rugpull
Trading Heights
--
The $OM Collapse: A Rug Pull in Real-Time on Centralized Exchanges
How Over $5.5 Billion Was Wiped Out — And Why It Was No Accident
Yesterday, Mantra ($OM) — once a top 50 token on Binance — dropped from $6.32 to $0.57, erasing over $5.5 billion in market cap in just a few hours.
This wasn’t a market correction.
It wasn’t a random crash.
It was a coordinated rug — executed in public, in real time, using major centralized exchanges.
Here’s what really happened
🚨 It Started with a $41M Transfer
🔹 Just 48 hours before the collapse, a wallet known as LaserDigital_ sent 6.5M OM (~$41M) to OKX
🔹 That wallet had previously received tokens from GSR, a known market maker
🔹 LaserDigital_ was listed as an official investor in Mantra’s $108M MEF fund
This wasn’t a random whale.
It was an insider.
And the dump began almost immediately afterward.
📉 The Crash Was Swift and Brutal
🔹OM plummeted from $6.324 to $0.5708 on Bybit
🔹 Over 90% losses in hours
🔹 No warnings. No protections. No circuit breakers.
Retail investors were wiped out.
Insiders quietly exited with full liquidity access.
🧨 Tokenomics Changed Mid-Cycle
Mantra originally promised:
🔹 50M $OM airdrop
🔹 20% unlocked immediately
Instead, it became:
🔹 0.3% daily unlocks
🔹 Then 10% in March, with the rest locked until 2027
🔹 Staking required to vote on vesting
🔹 Fake wallets flooded the DAO to swing the vote
This wasn’t a bug.
This was a designed delay to trap retail — while insiders remained fully liquid.
🧠 Governance Was Rigged
🔹 Users were forced to stake to vote
🔹 Suspicious wallets appeared overnight
🔹 On-chain analysis showed clear vote manipulation
The DAO wasn’t decentralized.
It was a front.
🧯 Exit Liquidity Was Engineered
🔹 Just before the collapse, 3.9M $OM was sent from a team wallet to OKX
🔹 That triggered mass liquidations, panic selling, and margin wipeouts
🔹 The team encouraged users to bridge assets to MANTRA Chain before the crash
🔹 Insiders had already bridged early and positioned for exits
Everything — from the vesting vote to the hype — was part of the exit strategy.
🤐 CEO Response: Silence, Spin, and Deflection
CEO John Patrick Mullin posted:
“My decision, my responsibility.”
But instead of taking accountability, he pivoted to "building a $100B TVL chain" —
No apology. No compensation. No transparency.
That’s not leadership.
That’s damage control.
💥 This Was Not an Accident — It Was a Blueprint
🔹 Tokenomics were changed 3 times
🔹 Governance was manipulated
🔹 Bridges were gamed
🔹 OTC deals were offloaded quietly
🔹 Team wallets sold into major hype
Mantra had ties to HTX (Huobi), Poloniex, and other centralized platforms.
Expect delistings, regulatory scrutiny, and mass outflows from these ecosystems.
How You Can Protect the Crypto Space
To push back against this becoming the norm:
🔹 Tag @CZ and @Binance Labs — demand $OM delisting
🔹 Report @MANTRA
🔹 Share this article to educate and warn others
🔹 Reject any “DAO” without transparent voting and unlocked tokenomics
Only community pressure can stop the next rug before it happens.
Final Truths: This Was Never Decentralized
If you don’t know:
🔹 Who controls the treasury
🔹 Who controls token flows
🔹 Who manipulates the vote
Then you are the exit liquidity.
Decentralization isn’t a logo.
It’s verifiable, open, and trustless — or it’s just another rug waiting to happen.
The playbook has been exposed. Let’s make sure it’s never used again.
#WhaleMovements
Yesterday, Mantra ($OM) — once a top 50 token on Binance — dropped from $6.32 to $0.57, erasing over $5.5 billion in market cap in just a few hours.
This wasn’t a market correction.
It wasn’t a random crash.
It was a coordinated rug — executed in public, in real time, using major centralized exchanges.
Here’s what really happened
🚨 It Started with a $41M Transfer
🔹 Just 48 hours before the collapse, a wallet known as LaserDigital_ sent 6.5M OM (~$41M) to OKX
🔹 That wallet had previously received tokens from GSR, a known market maker
🔹 LaserDigital_ was listed as an official investor in Mantra’s $108M MEF fund
This wasn’t a random whale.
It was an insider.
And the dump began almost immediately afterward.
📉 The Crash Was Swift and Brutal
🔹OM plummeted from $6.324 to $0.5708 on Bybit
🔹 Over 90% losses in hours
🔹 No warnings. No protections. No circuit breakers.
Retail investors were wiped out.
Insiders quietly exited with full liquidity access.
🧨 Tokenomics Changed Mid-Cycle
Mantra originally promised:
🔹 50M $OM airdrop
🔹 20% unlocked immediately
Instead, it became:
🔹 0.3% daily unlocks
🔹 Then 10% in March, with the rest locked until 2027
🔹 Staking required to vote on vesting
🔹 Fake wallets flooded the DAO to swing the vote
This wasn’t a bug.
This was a designed delay to trap retail — while insiders remained fully liquid.
🧠 Governance Was Rigged
🔹 Users were forced to stake to vote
🔹 Suspicious wallets appeared overnight
🔹 On-chain analysis showed clear vote manipulation
The DAO wasn’t decentralized.
It was a front.
🧯 Exit Liquidity Was Engineered
🔹 Just before the collapse, 3.9M $OM was sent from a team wallet to OKX
🔹 That triggered mass liquidations, panic selling, and margin wipeouts
🔹 The team encouraged users to bridge assets to MANTRA Chain before the crash
🔹 Insiders had already bridged early and positioned for exits
Everything — from the vesting vote to the hype — was part of the exit strategy.
🤐 CEO Response: Silence, Spin, and Deflection
CEO John Patrick Mullin posted:
“My decision, my responsibility.”
But instead of taking accountability, he pivoted to "building a $100B TVL chain" —
No apology. No compensation. No transparency.
That’s not leadership.
That’s damage control.
💥 This Was Not an Accident — It Was a Blueprint
🔹 Tokenomics were changed 3 times
🔹 Governance was manipulated
🔹 Bridges were gamed
🔹 OTC deals were offloaded quietly
🔹 Team wallets sold into major hype
Mantra had ties to HTX (Huobi), Poloniex, and other centralized platforms.
Expect delistings, regulatory scrutiny, and mass outflows from these ecosystems.
How You Can Protect the Crypto Space
To push back against this becoming the norm:
🔹 Tag @CZ and @Binance Labs — demand $OM delisting
🔹 Report @MANTRA
🔹 Share this article to educate and warn others
🔹 Reject any “DAO” without transparent voting and unlocked tokenomics
Only community pressure can stop the next rug before it happens.
Final Truths: This Was Never Decentralized
If you don’t know:
🔹 Who controls the treasury
🔹 Who controls token flows
🔹 Who manipulates the vote
Then you are the exit liquidity.
Decentralization isn’t a logo.
It’s verifiable, open, and trustless — or it’s just another rug waiting to happen.
The playbook has been exposed. Let’s make sure it’s never used again.
#WhaleMovements
Login to explore more contents