OM Currency: Sudden Crash Raises Concerns Among Investors
The OM currency, associated with the MANTRA project (a project focused on decentralized finance DeFi), experienced a sharp and unexpected decline during April 2025, raising many questions and concerns among investors and followers in the cryptocurrency market.
Details of the Crash:
On April 13, 2025, the OM currency recorded a drop exceeding 90% of its value within just one hour on Binance, one of the largest trading platforms in the world. The price plummeted from high levels of $6.33 to just $0.44 during daily trading.
Reasons for the Loss:
1. Sudden Increase in Currency Supply: The issuer released a large amount of OM currency into the market, resulting in significant selling pressure due to an imbalance between supply and demand.
2. Sales from Major Investors ("Whales"): Some large investors took advantage of the previous increase in the currency's price to realize profits, executing massive sell-offs, which led to a sharp downward wave.
⬅️ It seems that what happened to $OM, the cryptocurrency for the @MANTRA_Chain project, was planned and coordinated - and perhaps major platforms were involved!
⬅️ Hours before the collapse, some well-known influencers began heavily promoting the coin - as if it were a life-changing investment opportunity. This happened after the project team received support from major platforms (without naming names) as well as from influential sites. This led to a price increase of more than 100 times in recent months. ⚡
⬅️ Today, the fraudulent coin team extracted new tokens, placed them under their control, and sold them off centralized platforms to avoid the legal consequences of those platforms. More than $100 million was stolen. The market value dropped from $6 billion to $1 billion - meaning that $5 billion has disappeared. 😈
✍️ More important details will be revealed in the coming days.
God help the investors in this coin.
And for those asking if this is now a buying opportunity - the answer is clear:
There is no buying process for projects that have collapsed due to fraud by the team and the platform. ✔️ #om $om
Before listing, the value of PAWS ranges between 0.0001 and **0.00055**.
After listing, it may see a jump of %300-500 during the first few days due to speculation and media interest, reaching a range of 0.00035 to 0.0025 $
In the medium term: If the project maintains its momentum, it may stabilize between 0.001 - 0.005 depending on demand and market stability $SOL #WhaleMovements #SECGuidance
$BTC On April 9, whale holders experienced a massive inflow of 48,575 Bitcoin, equivalent to around 3.6 billion dollars, in the largest daily purchase since February 2022, according to the CryptoQuant platform. This activity shows the whales' desire to take advantage of the price drop to boost their holdings. #BTCRebound