$OM Tanks 90%: Another Crypto Disaster Like LUNA? đą
The OM token, tied to a project called MANTRA, took a brutal 90% dive on April 13, 2025, wiping out over $6 billion in value in just 30 minutes.. In just 30 minutes, over $6 billion in value vanished, dropping the price from $7 to $0.50. It all started when a big chunk of $OM (3.9 million tokens) was sent to the OKX exchange, sparking fears of a dump since the MANTRA team controls 90% of the tokens. Things were already shakyâMANTRA had messed up an airdrop a month earlier by blacklisting half the wallets without proof, plus there were sketchy moves like secret tokenomics changes and rumors of private deals selling tokens at huge discounts. Panic set in, people sold off fast, and the price crashed hard. To make it worse, MANTRAâs Telegram group got deleted, and the team went silent, leaving investors clueless. The post compares this to the 2022 Terra-LUNA crash, warning about the dangers of projects with too much team control and no transparency.
Man, this OM crash is a total messâitâs like watching a crypto horror movie! The team holding 90% of the tokens is a massive red flag; they basically had the power to tank the whole thing, and it looks like they did. The airdrop drama and sneaky tokenomics changes just scream âshady,â and when the crash hit, their silence made it even worse. Itâs giving me LUNA vibes all over again, and honestly, itâs a wake-up call. If youâre jumping into crypto, you gotta dig deep into whoâs running the show and how open they areâotherwise, you might wake up with your wallet empty like these $OM investors did!
This is insane!
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