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CRYPTO MECHANIC
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Federal Reserve announces closed board meeting for today to discuss 'the advance and discount rates'
They're going to discuss it not "Cut"
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$BTC did not fill our sell orders at $86,500 Missed entry price by a few dollars Expecting Bitcoin to hit $74,500 by Sunday morning. dump may have started already #WCTonBinance $KERNEL $OM
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USDT dominance is breaking down. Altcoin season?????? #altcoins #altsesaon $OM $KERNEL $WCT
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$BTC is bearish. This dump will probably be blamed on $OM crash. Expecting slight pump to yellow resistance around $86500 before the dump begins. ๐ Altcoins are likely to dump ๐ Bitcoin Short Trade 5x Leverage Sell Limit ๐ $86,500 Take Profit ๐ $74,500 Stop Loss ๐ $90,500 #WhaleMovements #USElectronicsTariffs #om #OMNIUSDT #BTCUSDT
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Cryptocurrency market is rocked by the dramatic crash of Mantraโs $OM token, which plummeted over 90% in a single day, dropping from $6.30 to under $0.50 and erasing billions from its $6 billion market capitalization. Unlike the LUNA crash, where most traders avoided closing positions due to limited exposure to LUNA or its ecosystem tokens, the OM crash appears to have been driven by what Mantraโs team described as โreckless forced liquidationsโ on centralized exchanges, though some social media posts speculate about deeper issues like market manipulation or team-controlled supply. The $LUNA crash serves as a historical parallel. Before its collapse, LUNA boasted a $40 billion market cap, which shrank to $200 million, triggering a chain reaction that saw most cryptocurrencies lose 50% or more of their value. The OM crash, while significant, has not yet shown the same market-wide devastation, with Bitcoin remaining stable above $84,000. However, the real-world asset (RWA) tokenization sector, where OM operates, saw a 44.93% drop in 24 hours, indicating a targeted impact. Could OMโs crash lead to a broader crypto market collapse today? With a pre-crash market cap of $6 billionโsmaller than LUNAโs at its peakโOMโs influence is less pervasive. Still, its collapse highlights vulnerabilities in projects with concentrated token control or heavy leverage. A market-wide crash seems unlikely unless larger assets like $BTC or Ethereum falter, but investor confidence could take a hit, especially in #RWA tokens. The crypto marketโs resilience will depend on broader economic factors, like tariff-driven volatility, and whether projects like OM can rebuild trust. #USElectronicsTariffs #SaylorBTCPurchase #om #OMNIUSDT
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This might be a disaster on the level of $LUNA Over $6B extracted from crypto in just 30 minutes Hereโs everything going on with $OM And the red flags investors ignored๐งต It all started when a wallet linked to MANTRA sent 3.9M OM to OKX That caught attention fast Because the team controls 90% of the supply Meaning they can crash the price anytime And the trust was already broken A month ago, Mantra did an airdrop But right before launch They blacklisted over 50% of wallets Called them bots, gave no proof The community felt betrayed More shady stuff started to appear: ๐Market makers allegedly keeping the price high ๐Quiet changes to tokenomics ๐Airdrops kept getting delayed ๐Founder Inactive the last 24h Tension was building So when that OM deposit hit OKX, panic started People feared a dump, and they were right Selling pressure kicked in fast Then rumors about OTC deals made it worse Turns out OM may have sold tokens to private investors At massive discounts, some 50% off or more That started a chain reaction: ๐People sold ๐Stop-losses hit ๐Leverage positions liquidated In just one hour, OM dropped over 90% From $7 to $0.5 Over $5.5B in value extracted Many investors had no idea what was really happening behind the scenes Then it got even worse The OMโs Telegram got deleted The last message was someone calling it โLUNA 2.0โ Thenโฆ silence No statement, no updates, nothing The red flags were always there: ๐90% token supply held by the team ๐Airdrop betrayal ๐Hidden tokenomics changes ๐OTC deals behind closed doors OM was #1 in RWA and it still rugged Always stay safe
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