OM/USDT – What Really Happened? | Market Breakdown & Trust Revival ⁉️$OM
The last 50 days have been a rollercoaster for OM. In February, the token hit all-time highs. But on April 13, OM crashed over 90% in a matter of hours, triggering panic and speculation.
So what caused it?
Not a rug pull. Not insider selling.
The crash was triggered by over-leveraged futures liquidations during low liquidity hours — a cascading sell-off that overwhelmed the order books.
How did the team respond?
• CEO John Mullin is burning 150 million OM tokens from his personal team allocation.🎖️
• An additional 150M OM burn is underway, targeting a total 300M token reduction.🎖️
• A real-time OM Dashboard was launched for full transparency on wallets and supply.🎖️
• Close cooperation with exchanges to prevent future collapse scenarios.🎖️
Tokenomics? Still intact.
• Total supply: 1.78B OM, with 53% circulating.
• Most tradable OM is ERC-20; mainnet tokens remain mostly locked or vesting.
• Staking APR: ~5.7%, and deflationary measures underway.
Ecosystem momentum
Despite the volatility, Mantra is executing:
• Partnered with DAMAC Group (real estate tokenization).🎖️
• Licensed by Dubai VARA — the first-ever DeFi license granted.🎖️
• Integrated with Fireblocks, Elliptic, Hex Trust for institutional access.🎖️#MarketRebound #TrumpVsPowell #OMUSDT $BTC
Trust isn’t built with words — it’s built with action.
The Mantra team is acting. Transparent, long-term focused, and aligned with the community. A new phase for OM has begun — and $OM the market is watching.
Current price: ~$0.54
Key range: $0.50–$0.65