The Scandals: $MOVE and $OM Crashes Unravel Hidden Deals

Movement Labs’ MOVE Scandal: A CoinDesk exposé in late April 2025 revealed that Movement Labs executives, including co-founder Rushi Manche, allegedly colluded with a market maker, Rentech, to dump 66 million MOVE tokens (5% of the total supply) shortly after its December 2024 launch. The $38 million sell-off tanked MOVE’s price by 80% in 2025, hitting a low of $0.15. Coinbase suspended trading on May 15, and Binance banned the implicated market maker, Web3Port. Manche was fired, and Movement Labs rebranded as Move Industries, promising transparency and new leadership.

Mantra’s OM Collapse: In late April 2025, Mantra’s OM token plummeted 90% in hours with no clear trigger, wiping out millions in value. Posts on X and industry reports suggest hidden token unlocks and secondary OTC deals fueled the crash, with the team allegedly holding most of the supply. The lack of transparency around OM’s circulating supply and vesting schedules left investors blindsided, sparking accusations of manipulation.

My take: Both cases scream governance failures. MOVE’s scandal involved blatant insider dumping, while OM’s crash points to opaque tokenomics. These aren’t isolated incidents—crypto’s reliance on unchecked market makers and off-market deals is a systemic issue. Investment Tip: Crypto’s a minefield—only risk what you can lose. Verify token supply and vesting schedules, steer clear of hype-fueled projects, and diversify to weather crashes. Stay sharp! #Mantra