OddEyeResearch
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$OM Collapse: The Real Story? (According to #OddEyeResearch šš) So hereās the tea ā on the OM meltdown, simplified for the rest of us:
š„ Whoās behind the mess? ā”ļø OddEye thinks the OM crash wasnāt just bad luck. They suspect insider manipulation ā a small group (including maybe the MANTRA team) controlled 90%+ of OM tokens and pumped the price together. Then one of them broke the pactā¦ and the whole thing unraveled. Classic āprisonerās dilemmaā vibes.
š„Manipulation receipts? ā”ļø They say the token deposits/withdrawals on exchanges perfectly matched insider wallets moving tokens. That kind of coordination smells like a setup ā or worse, a pump-and-dump.
š„Whatās this $AUM token? ā”ļø Turns out the #MANTRA team may have been planning to ditch OM for a new token called $AUM. But then someone (a 3rd party) said: āNah, letās stick with OM ā easier to pump it on Binance than list a brand new one.ā So they switched plans.
š„ The pump story: ā”ļø Using funds from this 3rd party (and maybe the $11M raise), they pumped OMās price all through 2023 and early 2024. Theyād pull tokens off exchanges to make supply look scarceā¦ then pump it. Later, theyād quietly dump tokens back on exchanges.
š„ What caused the collapse? ā”ļø One insider (possibly under financial pressure) broke ranks and sold a massive chunk. Rumor is they were forced to liquidate because they had borrowed against #OM as collateral. That sale sparked a liquidation cascade. Boom ā price crash.
š„ Why this matters: ā”ļø The insiders still seem to be around. So while the team says āwe had nothing to do with it,ā the evidence is painting a different picture.
š§ TL;DR: This wasnāt just a volatile market move. It looks like an insider game that went wrong. And for regular holders? You were just along for the wild ride.
DYOR. And maybe donāt trust tokenomics controlled by 5 wallets. š¬ #WhaleMovements
š„ Whoās behind the mess? ā”ļø OddEye thinks the OM crash wasnāt just bad luck. They suspect insider manipulation ā a small group (including maybe the MANTRA team) controlled 90%+ of OM tokens and pumped the price together. Then one of them broke the pactā¦ and the whole thing unraveled. Classic āprisonerās dilemmaā vibes.
š„Manipulation receipts? ā”ļø They say the token deposits/withdrawals on exchanges perfectly matched insider wallets moving tokens. That kind of coordination smells like a setup ā or worse, a pump-and-dump.
š„Whatās this $AUM token? ā”ļø Turns out the #MANTRA team may have been planning to ditch OM for a new token called $AUM. But then someone (a 3rd party) said: āNah, letās stick with OM ā easier to pump it on Binance than list a brand new one.ā So they switched plans.
š„ The pump story: ā”ļø Using funds from this 3rd party (and maybe the $11M raise), they pumped OMās price all through 2023 and early 2024. Theyād pull tokens off exchanges to make supply look scarceā¦ then pump it. Later, theyād quietly dump tokens back on exchanges.
š„ What caused the collapse? ā”ļø One insider (possibly under financial pressure) broke ranks and sold a massive chunk. Rumor is they were forced to liquidate because they had borrowed against #OM as collateral. That sale sparked a liquidation cascade. Boom ā price crash.
š„ Why this matters: ā”ļø The insiders still seem to be around. So while the team says āwe had nothing to do with it,ā the evidence is painting a different picture.
š§ TL;DR: This wasnāt just a volatile market move. It looks like an insider game that went wrong. And for regular holders? You were just along for the wild ride.
DYOR. And maybe donāt trust tokenomics controlled by 5 wallets. š¬ #WhaleMovements
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