being_maximus
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Bearish
Why Did $OM Dump?
The $OM token, tied to the MANTRA project, recently saw a sharp decline—reports on X suggest a drop of up to 85%. Here's what the community thinks caused it:
1. Team Shake-Up: Rumors of key "Kabal team" resignations rocked investor confidence, triggering panic selling.
2. Tokenomics Concerns: Allegations surfaced that the team controls up to 90% of the token supply, raising fears of insider selling and manipulation. A proposal for supply inflation only added fuel to the fire.
3. Airdrop Discontent: Community members ("Omies") expressed frustration over poor airdrop allocations and vesting terms. OTC sales by insiders may have worsened the sell pressure.
Nothing is confirmed yet, but sentiment has clearly taken a hit.
#om
The $OM token, tied to the MANTRA project, recently saw a sharp decline—reports on X suggest a drop of up to 85%. Here's what the community thinks caused it:
1. Team Shake-Up: Rumors of key "Kabal team" resignations rocked investor confidence, triggering panic selling.
2. Tokenomics Concerns: Allegations surfaced that the team controls up to 90% of the token supply, raising fears of insider selling and manipulation. A proposal for supply inflation only added fuel to the fire.
3. Airdrop Discontent: Community members ("Omies") expressed frustration over poor airdrop allocations and vesting terms. OTC sales by insiders may have worsened the sell pressure.
Nothing is confirmed yet, but sentiment has clearly taken a hit.
#om
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