🚨 OM Token Crash: 90% Plummet – What You Need to Know & Do! 🚨

On April 13, 2025, OM (MANTRA’s token) nosedived from about $6.30 to below $0.50—a nearly 90% drop that wiped out billions in market cap in mere hours. This dramatic crash has left the crypto community in shock and raised serious questions about market stability.

What Happened?

• Forced Liquidations: According to MANTRA’s team (JP Mullin & Dustin McDaniel), aggressive forced liquidations on centralized exchanges during low-liquidity periods triggered a cascade of sell-offs.

• No Insider Dump: The team insists that no “rug pull” occurred; all team-held tokens remain locked as per the vesting schedule.

• Community Rumors: Some speculate that suspicious on-chain activity (e.g., large wallet moves) hints at insider dumping, but there’s no verified proof.

Key Data:

• Pre-Crash Price: ~$6.30
• Crash Low: Below $0.50
• Market Cap: Slashed from ~$6B to a fraction of that within hours
• Trading Volume: Spiked massively, signaling widespread panic

Your Action Plan:

Review Your Holdings: Log in to your exchange accounts (Binance, OKX, etc.) & check your OM positions immediately.

Stay Informed: Follow MANTRA’s official channels and Binance’s alerts. An AMA on X (formerly Twitter) is coming soon to shed more light on recovery plans.

Secure Your Assets: Tighten stop-loss orders, adjust leverage, and consider diversifying to mitigate risk.

Engage: Join community groups for live updates and share your experiences.

Final Note:

Whether the crash was solely due to forced liquidations or if other factors are at play, this event is a stark reminder of the volatility inherent in crypto markets. Act quickly, stay updated, and safeguard your investments.

👉 Don’t wait! Check your positions now and join the live AMA on X for real-time insights.

#OMCrash #MANTRA #CryptoAlert #Binance #StaySafe