Wonder why people up to now can not differentiate shitcoins from real projects. Always check for the tokenomics...coin/token diatribution gives a good hint

MANTRA ($OM): The Crypto Ponzi No One Wants to Expose (So I Will)

Let’s peel back the layers of this mess, one shady move at a time.

Back in late 2023, $OM appeared out of nowhere, right when the market was shaky. A mystery buyer suddenly tried to snatch up 30% of the supply plus the tech for $10M. A well-known founder passed on the offer — but where others saw risk, vultures saw opportunity.

Enter: Sharooq Ventures and Laser Digital (Nomura’s little side hustle). By December ‘23, the deal was locked.

What followed? A textbook pump-and-dump play:

Scoop up a massive token stash

Fake the volume

Hype it like it’s the next Solana

Let retail holders bite

By early 2024, $OM was somehow pumping in a bear market — but analysts caught on fast. A handful of wallets were clearly pulling the strings.

Late 2024:
Investors started asking for their unlocked tokens. Silence.
The MANTRA team kept pushing back vesting dates like it was a cursed presale. And surprise — they held most of the supply. No one dared question it.

Then came the twist...

February 2025: $OM hits $8.
Early whales cashed out. And what was under the hood?

No real tech

No meaningful partnerships

Zero on-chain activity

But the market cap shot from $5B to $7.16B in a day. Totally legit, right?

Oh, and 10 wallets control 30% of all tokens — each holding anywhere from $150M to $1.2B.
Compare that to Ethereum, where 99% of holders have under $1K worth.

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