RugAlert

$OM Turns Into the New $LUNA?!
$6 Billion Vanished in 2 Hours — Here’s the Breakdown ⚠️🔥

In one of the wildest crashes since $LUNA's fall in 2022, $OM (Mantra) plummeted over 90% within just 2 hours, wiping out $6B+ in market cap and leaving thousands of holders stunned.

What is $OM?

🔹 A Layer 1 chain built on Cosmos
🔹 Focused on Real World Assets (RWA)
🔹 Recently ranked among the top 25 tokens
🔹 Promoted as a high-potential project

Everything looked bullish… until it wasn’t.

Red Flags That Were Ignored

⚠️ Rumors of market maker manipulation
⚠️ Delayed airdrops & vague promises
⚠️ Team allegedly held 90%+ of supply
⚠️ Hidden tokenomics changes

Basically, a "decentralized" project run by a centralized core.

The Collapse

💸 A wallet (possibly linked to the team) sent 6.5M $OM (~$41M) to OKX
🔥 Panic spread, triggering mass sell-offs
📉 Major sell pressure on Binance & other exchanges
⚠️ OTC investors dumped tokens fast
💀 Massive liquidations, whale losses (Shane Shin reportedly lost $11M)

Within 2 hours:

$OM down 90%

Over $6 billion erased

Holders left in the dark

The Aftermath

Mantra claimed it was just "forced liquidations in low liquidity hours" — but for most investors, the damage was already done.

Lessons Learned

✅ Watch who controls the supply
✅ Be cautious of hype without fundamentals
✅ Always DYOR (Do Your Own Research)
✅ Don't ignore early red flags

Final Word
This wasn’t just a crash — it was a reminder:
In crypto, transparency and trust matter more than pumps.
Next time a project seems too good to be true, ask yourself — who's really in control?

#OM #RugAlert #cryptocrash