In April 2025, $OM experienced a dramatic 90% drop, falling from over $6 to just $0.37. What caused this crash? Let's break it down:
Token Concentration: A handful of , 17 wallets collectively transferred approximately 43.6 million OM tokens (valued around $227 million) to exchanges shortly before the crash, flooding the market.
Forced Liquidations: An unidentified exchange began selling OM used as collateral, triggering a domino effect of sell-offs.
Insider Allegations: Rumors of insider selling surfaced, but MANTRA's CEO denied any wrongdoing, stating team holdings remained locked.
Recovery Moves:
🔥 Token Burn: 300 million OM tokens are being burned to reduce supply and boost confidence.
📊 Transparency Push: A new dashboard offers real-time insights into OM's tokenomics.