$OM $0.27491.” However, there's plenty of dramatic and verified background around OM (the Mantra token) that amps up the narrative—check this out:
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Context from the Real OM Flash Crash
OM plunged 90% in a single hour, erasing over $5 billion in market value—a massive liquidation cascade.
Reports estimate that more than $65 million in OM contracts were liquidated, with around $47 million from longs alone in just 12 hours.
The crash was fueled by forced liquidations during low-liquidity hours, which triggered a vicious cycle of margin calls.
The Mantra team denied any dump or insider activity—stressing all team/investor tokens were locked, and instead blamed reckless exchange execution.
🔴 #OM Long Liquidation Shockwave!
> BREAKING: A fiery wave just swept through—$4.98K in long positions torched at $0.27491, triggering massive liquidation shockwaves across the OM market!
Welcome to Mantra’s nightmare turning point: whispers of $65 million in contract liquidations, including $47 million wiped from longs, echo through the price boards as chaos unfolds.
The Scene:
Longs at $0.27491 got snagged in a brutal squeeze. Stop-losses triggered, liquidations rippled, and suddenly $0.27 isn’t just a price—it’s a warzone.
This zone now doubles as the perfect short squeeze launching pad—a bounce here could come with earthquake-level urgency.
The Stakes:
With the market reeling and liquidity evaporating, watch for frantic buying or a scramble to exit—either could spark a violent rebound.
Could this feed into Mantra’s redemption narrative? A buyback or burn announcement might turn the tide—but only if confidence can be restored.
Would you like a version that deep-dives into tokenomics, recovery plans (like OM burns or buybacks), or paints the scene with even more technical edge? Just say the word—I’ll mix in whichever angle you want to pack maximum punch.