$OM 😡🤬Is the Mantra a cycle scam? Understand what happened:
The Mantra token (OM) was recently the target of a possible rug pull, a scam where developers or insiders drain liquidity and abandon the project, leaving investors at a loss.
The episode began with suspicious movement of large amounts of OM to unidentified wallets, followed by a sharp drop in the token price, raising alarm signals in the community.
Preliminary investigations indicate that addresses linked to the project team conducted massive sales, draining liquidity pools and collapsing the asset's value.
So far, the official team has not provided a convincing explanation, and many investors accuse the project of manipulation and fraud.
The OM case reinforces the importance of doing your own research and analysis.