NIGHTEYE GEMS
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MANTRA (OM) A big red flag?
Last night i made an article about $OM where i posted some wrongdoing of the team based on onchain analysis.
Some clown don't understand onchain analysis and keep barking in the comment section which i don't care a bit ☑️
Today i will give more explanation and some important news and scam i missed about this project
Let's dive in ✅
$OM price manipulation
$OM continiously manipulating the price by holding 90% supply of the token and i have provided onchain data about it in my last post.
@JP Mullin and his team member holds large amount of supply along with his team member which support them to manipulate governence proposals and that's one of the red flag in this project for that reason the real community memebers are mot getting any benefits
Thick liquidity and fdv
Despite the high marketcap of the project the liquidity is very thin and small and pretty small fdv which is a big red flag for any project.
This project don't have strong foundation support with it's ecosyatem the only support it got to push the price was the airdrop hype proposal announcement which push the price from 2$.
In a way the scammed the community 🤡
Continious delay in airdrop-
Despite using the hype of airdrop governence vote @JP Mullin changed the airdrop schedule 3 times by manipulating the votes as his team holds 90% of the supply
Endless Delays & Excuses:
❌ 1: Promised an airdrop to Testnet & Galxe users.
❌ 2: Once price pumped, they delayed the claiming process.
❌ 3: Forced users to bridge to OM chain (free liquidity grab).
❌ 4: Delayed vesting by 3 months—brought a proposal & approved it themselves (because most $OM supply is with the team & market makers).
❌ 5: Used "bot filtering" as an excuse to remove real contributors (removed ~120K wallets).
❌ 6: Another proposal, another delay.
I didn't participate in the airdrop and i don't care a bit ☑️
Now i will post the biggest red flag i see in the project
In this picture we can see total supply 1.81b$. But the total supply was below 1 billion $and they increased it without any drtails and that's a big red flag ❎
No trasnparency
And the reason for the price holding is simple because team is holding maximum of the supply
Sone project with holding maximum supply such as $TRUMP,$melania, $pi and many more and they are very risky to trade with
If we take trump then it dropped from 75$ to now 10$ and that's because team is holding most of the supply but in this regard there is good transparency on trump beacuse 75% supply is still locked.
Lastly there is no mention of max supply for OM and that's another big flag i don't remember correctly but they had 10 billion max supply and now it's infinite ❎
I have been hding $OM since bear market since the price was 0.01$ and sold at 3$.
But as the time goes they are showing scammy movements which i believe not gonna end well ☑️
Also 0.03% supply is unlocking everyday and that's a major concern ✅
Oncr the market makers started selling it's gonna crash hard it may pump towards 10$ for a fomo movement to gather the last % of retails before a crash though 🤣
But it's extremly risky to hold now.
That's all for now
What do u think about the current mantra ecosystem?
Comment below only usefull analysis don't post shits below on only sentimennt ☑️
Some clown don't understand onchain analysis and keep barking in the comment section which i don't care a bit ☑️
Today i will give more explanation and some important news and scam i missed about this project
Let's dive in ✅
$OM price manipulation
$OM continiously manipulating the price by holding 90% supply of the token and i have provided onchain data about it in my last post.
@JP Mullin and his team member holds large amount of supply along with his team member which support them to manipulate governence proposals and that's one of the red flag in this project for that reason the real community memebers are mot getting any benefits
Thick liquidity and fdv
Despite the high marketcap of the project the liquidity is very thin and small and pretty small fdv which is a big red flag for any project.
This project don't have strong foundation support with it's ecosyatem the only support it got to push the price was the airdrop hype proposal announcement which push the price from 2$.
In a way the scammed the community 🤡
Continious delay in airdrop-
Despite using the hype of airdrop governence vote @JP Mullin changed the airdrop schedule 3 times by manipulating the votes as his team holds 90% of the supply
Endless Delays & Excuses:
❌ 1: Promised an airdrop to Testnet & Galxe users.
❌ 2: Once price pumped, they delayed the claiming process.
❌ 3: Forced users to bridge to OM chain (free liquidity grab).
❌ 4: Delayed vesting by 3 months—brought a proposal & approved it themselves (because most $OM supply is with the team & market makers).
❌ 5: Used "bot filtering" as an excuse to remove real contributors (removed ~120K wallets).
❌ 6: Another proposal, another delay.
I didn't participate in the airdrop and i don't care a bit ☑️
Now i will post the biggest red flag i see in the project
In this picture we can see total supply 1.81b$. But the total supply was below 1 billion $and they increased it without any drtails and that's a big red flag ❎
No trasnparency
And the reason for the price holding is simple because team is holding maximum of the supply
Sone project with holding maximum supply such as $TRUMP,$melania, $pi and many more and they are very risky to trade with
If we take trump then it dropped from 75$ to now 10$ and that's because team is holding most of the supply but in this regard there is good transparency on trump beacuse 75% supply is still locked.
Lastly there is no mention of max supply for OM and that's another big flag i don't remember correctly but they had 10 billion max supply and now it's infinite ❎
I have been hding $OM since bear market since the price was 0.01$ and sold at 3$.
But as the time goes they are showing scammy movements which i believe not gonna end well ☑️
Also 0.03% supply is unlocking everyday and that's a major concern ✅
Oncr the market makers started selling it's gonna crash hard it may pump towards 10$ for a fomo movement to gather the last % of retails before a crash though 🤣
But it's extremly risky to hold now.
That's all for now
What do u think about the current mantra ecosystem?
Comment below only usefull analysis don't post shits below on only sentimennt ☑️
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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