The recent sharp decline in Mantra (OM) token's price—dropping approximately 90%—can be attributed to several key factors:

1. Whale Sell-Offs

Significant holders of OM, often referred to as "whales," have liquidated substantial portions of their holdings. Reports indicate that whales sold around $760 million worth of OM tokens, exerting considerable downward pressure on the price .

2. Overbought Market Conditions#WhaleMovements #MANTA

3. Controversial Airdrop and Governance Decisions

4. Increased Token Supply on Exchanges

5. Market Manipulation Concerns