Technical Analysis: Institutional Capital Flowing into MANTRA $OM
Conducting my weekly onchain analysis and identified notable withdrawals of $OM tokens from Binance exchange that strongly indicate institutional accumulation.
Transaction Details:
š¹Total withdrawal: 14,000,000 OM tokens
USD value: Approximately $97,750,000
š¹Distribution pattern: Four equal allocations of 3.5M tokens
š¹Destination addresses: All newly created wallets
š¹Timeframe: All transactions executed at the same-time
From my experience watching identical patterns with projects like Polygon and Solana before their parabolic moves, this is what happens when:
š¹Smart money and institutional investors have done their research and are accumulating with conviction
š¹Sophisticated capital is positioning before major announcements become public knowledge
š¹Professional investors and funds are establishing strategic positions at current valuations
š¹Institutional adoption is beginning with methodical, precise capital deployment strategies
From a technical analysis perspective, substantial outflows from centralized exchanges typically reduce immediate sell pressure and often precede positive price action, particularly when tokens move to inactive wallets rather than other exchanges.
This pattern of accumulation has preceded 5-10x moves in other tokens. $OM looks ready.š
NFA. DYOR