Whales Are Back: Is $OM Gearing Up for a Comeback?

Alright, fam – buckle up! $OM just might be back on the radar, and the whales are making moves again. After that brutal 90% crash in April, where $OM plummeted from $6 to $0.64, things looked bleak. Retail investors got wiped out, but guess who’s been stacking the dip? Yep, the whales.

💥 Whales Never Left

Despite the massive drop, the big players never really gave up on $OM. In the past 20 days, they’ve scooped up over 130 million OM tokens. That’s some serious accumulation. Looks like the smart money is doubling down.

But why?

The narrative is starting to shift, and it’s all about Real-World Assets (RWA). MANTRA is betting big here, securing:

A VASP license in Dubai 🏝

A $1B deal with DAMAC 🏗

Backing from Middle East funds 💼

Token concentration at just 0.13% – almost impossible to manipulate 👊

With RWAs projected to hit $16 trillion, this could be a long-term play.

📊 Price Update

Current Price: $0.372

24h Trading Volume: $119.6M

Market Cap: $358M

Resistance: $0.40, $0.50

Support: $0.35, $0.30

The recent 150 million OM token burn is also stirring things up. If OM can break $0.40, bulls might take it higher. But if it slips below $0.35, we could be in for another dip.

🚀 What’s Next for OM?

Breaking above $0.40 is the key – that’s where bullish momentum might kick in. If we see that level cleared, the next target could be $0.50. But caution is crucial – losing support at $0.35 could bring back the bear vibes.