MANTRA ($OM ): The Crypto Ponzi Nobody Wants To Talk About (But I Will)

Let’s rewind this mess and break it down, piece by shady piece.

In late 2023, $OM suddenly popped up during peak market uncertainty. Out of nowhere, a mystery buyer tried scooping up 30% of its supply + tech for $10M. A big-name founder passed… but vultures love distressed assets.

Then came Sharooq Ventures + Laser Digital (Nomura side hustle). By Dec ‘23, deal sealed. What followed? Classic pump-and-dump 101:

Scoop a fat chunk of tokens

Manufacture volume

Shill it like the next Solana

Bag-holders on board

By early 2024, $OM was magically mooning in a bear market. But analysts clocked the sketch: a few wallets were basically puppeteering price action.

Late 2024:

Investors start asking for their unlocked tokens. Crickets.

The MANTRA team kept delaying vesting like it was a presale from hell. And guess what? They held most of the supply. No one dared speak out.

Then came the real kicker…

February 2025: $OM hits $8

Early whales cash out, but under the hood?

No real tech

No legit partnerships

Zero on-chain traction

But the market cap exploded from $5B → $7.16B in 24 hours. “Totally organic,” right?

Oh, and just 10 wallets control 30% of all tokens, holding $150M to $1.2B each.

Compare that to ETH, where 99% of holders have <$1K worth.

This ain’t innovation. It’s manipulation in a DAO hoodie.