In my opinion, you should not buy OM (MANTRA), and in this post, we’ll discuss why.
OM is an RWA (Real World Asset) project and started rising from $1.29—after that, it never looked back until it reached $9.
But what do you think? Did everyone buy it at $1.29 or even $2?
Nope, my dear. A lot of people entered late, especially after the fakeout in November 2024 when its price was around $4–5 and now they are in huge loss.
And then... few days back the rug pull happened—yes, I will call it a rug pull.
Market Cap dropped from $6 Billion to $371 Million. And right now its trading @ 0.3856$.
Do you know how big that drop is?
OM’s:
Total Supply = 1.66 Billion OM
Circulating Supply = 959 Million OM
But here’s the red flag:
There’s no announced Max Supply.
That means the team can mint more tokens anytime and dump them into the market.
(Just like I discussed in my previous post about DOT.)
Now, you’ll see many people saying:
“Buy OM, it’s your last chance!” and blah blah...
But according to my analysis, this is a falling knife—and if you try to catch it, it will cut your hand.
Yes, maybe it goes up again to $2 or $3,
but it could also crash to $0.01—
because I truly believe investors will not trust this team anymore.
Now you decide: Does this trade have more profit or more loss potential?
If it’s a risky trade, why jump into it blindly?
Disclaimer:
I am a SPOT and Swing trader. I do not share future trades. I share my personal trades and real experiences with you. Profit is yours, Loss is yours. I am not a financial advisor and don’t run any paid groups or communities. If you have less than $500 and want to learn real trading psychology, feel free to follow.