📉 $OM (Mantra) Faces Massive Crash – What Happened?
In the last 24 hours, $OM has plunged over 90%, raising serious concerns across the market. Here’s a breakdown of the key events:
🔎 What We Know So Far:
▪️ Since April 7, 17 wallets transferred 43.6M $OM (~$227M) to exchanges — that’s 4.5% of the total circulating supply.
▪️ Arkham Intelligence reports that 2 of these wallets are linked to Laser Digital.
▪️ Within just 12 hours, over $68 million in liquidations occurred.
▪️ The crash wiped out an estimated $3.3 billion in market capitalization.
⚠️ This event highlights the impact of large-scale movements on low-liquidity tokens and the importance of tracking on-chain data before reacting to price shifts.
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