Mantra (OM) yesterday dropped 90% and turned into the most significant sudden drop of a cryptocurrency since Terra Luna in 2022. It lost 6 Billion USD in 3 hours of Market Cap.

Everything indicates that it was a play made by whales who went out to sell a good amount of the supply on OKX.

This is strange because these 90% drops are not usually normal in a token that was Top 20 on CoinMarketCap (Now it is #88).

The distribution of Tokens was also quite centralized, which also makes it possible for them to have executed an exit liquidity.

By the way, there are many who say it's a good time to enter (I don't quite agree).

My Conclusion: I don't believe this is either a Rug Pull or a scam. Simply people taking profits from their positions against others, and as the market is, there are people who win and people who lose.