Mntra (OM) Crashes Below $0.50 — What’s Going On & Can It Bounce Back?
➡️ Whale Sell-Off Sparks Fear
A major OM holder just dumped 2 million tokens on Binance — worth around $871K.
This whale took a massive $25M loss, a clear sign of panic selling.
Just six weeks ago, they had withdrawn 4M OM (worth $27M at the time), but sold now at a steep discount.
Moves like this can seriously shake smaller markets like OM.
📉 OM Drops Under $0.50 — Is the Bottom In?
OM is currently sitting at $0.4152, down nearly 5% in the last 24 hours.
It recently broke below a key support in a falling channel — a bearish sign.
The latest candlestick shows a long lower wick, often linked to panic selling.
The RSI is at 17.2 — deeply oversold, which could mean a short-term bounce is possible.
MACD is flattening, suggesting the worst of the selling might be easing.
⚠️ On-Chain Signals Remain Weak
Very slow user growth (just 0.69%)
Most holders are underwater — only -2.13% in profit
Whale concentration is down 0.05% — big players are leaving
Fewer large transactions — down 11.29%, pointing to declining whale interest
📊 Valuation Metrics — Bargain or Trap?
MVRV Z-score: -2.36 — OM is heavily undervalued, but needs new buyers to confirm a reversal
NVT Ratio: 26.37 — Suggests OM’s price is high compared to its network activity
Stock-to-Flow: 0.834 — A lower score means OM isn’t scarce right now, which can hurt price potential
🤔 What This Means for OM:
OM is in a tough spot — whales are selling, and user activity is weak
A short-lived bounce is possible due to oversold conditions
But for a sustainable recovery, OM needs:
• Stronger user growth
• Improved fundamentals
• Real-world use cases or token burns to boost demand
⏳ Final Take:
Mantra is under heavy pressure right now. While a quick bounce might come, a long-term rebound depends on rebuilding confidence and bringing real demand back to the ecosystem.