$OM

$OM Token Breakdown – Turmoil & Transition

Price Collapse (April 13, 2025):

OM plummeted 98% in 1 hour, from ~$6 to $0.57, wiping out $6B+ in market cap. Allegations point to an insider group, the “Kabal team”, accused of a coordinated dump.

Legal Fallout:

A Hong Kong court has ordered core MANTRA DAO figures to disclose financial records amid claims of asset misappropriation and unauthorized control. The case is seen as a pivotal moment for DeFi governance and transparency.

Token Migration (OM V1 → V2):

MANTRA DAO is transitioning to OM V2. Holders must swap V1 for V2 on the official platform. A small gas fee applies.

Whale Accumulation:

Despite the crash, top 10 whales now hold 15.6M+ OM, signaling possible long-term confidence and strategic positioning.

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