$OM just did a $LUNA.

Over $6 BILLION wiped out in under 30 minutes.

Here’s a breakdown of one of the most brutal crashes this cycle:

The $OM Meltdown — Explained:

🧵

1. Suspicious team wallet activity

A wallet linked to @MANTRA_Chain moved 3.9M $OM to OKX.

That single move triggered red alerts across the market.

2. Centralized supply risk

The team reportedly controls ~90% of the total supply.

That’s not decentralization — that’s danger.

3. Community already on edge

- Alleged price manipulation via market makers

- Silent changes to tokenomics

- Constant delays on promised airdrops

4. OTC whispers

Rumors flew of OTC deals offering up to 50% discounts — insiders likely dumping.

5. The cascade begins

As price started falling:

- Trust evaporated

- Stop-losses triggered

- Leverage nuked

- Fear took over

6. Carnage.

A 90%+ crash within an hour.

$OM was erased — just like that.

CONCLUSION

In crypto, trust and transparency aren’t optional — they’re everything.

$OM lost both.

The market didn’t hesitate.