๐จ $OM Crashes 98% in Under an Hour: What Happened?โ
In a shocking turn of events, OM plummeted from nearly $6 to just $0.57 within an hour, wiping out over $6 billion in market capitalization. This sudden crash has left the crypto community reeling.โ
Key Factors Behind the Crash:
๐ข Tokenomics Overhaul: The MANTRA team recently doubled the token supply by minting an additional 888,888,888 OM tokens, transitioning to an uncapped inflationary model.
๐ข Insider Sell-Off Allegations: Speculations are rife about a massive insider sell-off, with fingers pointing at a group dubbed the "Kabal team" for dumping large amounts of tokens.
For those affected, it's a stark reminder of the volatility inherent in the crypto space. Stay informed and exercise caution.โ
๐ค Community Insight:
What are your thoughts on this sudden crash? Do you believe OM can recover, or is this a sign of deeper issues within the project? Share your perspectives below!
