❌️❌️🚨🚨 OM Token Crashes 90% in 90 Minutes! 😱 😱😱What Happened to Mantra’s Layer-1 Blockchain?
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💥 👉The Shocking Drop
- OM token plummeted from **$5.21 to $0.50** in just 90 minutes!
- Trading volume exploded **2,900%** to **$4.99B**, wiping out billions in market cap.
🕵️♂️ **What Caused It?**
- Mantra blames **“uncontrolled liquidations”** by a major investor on a centralized exchange (CEX).
- 🚨 Suspicion grows: A **$36M OM transfer** from a Binance-linked wallet to OKX happened *right before* the crash!
- Community locked out of Mantra’s Telegram, sparking **rug pull fears**.
🗣️ **Mantra’s Response**
- Co-founder John Patrick Mullin denies manipulation, says the team is investigating.
- Plans for a community discussion to clear the air.
- But… past accusations of **token supply control** and a **Hong Kong court case** over misused DAO assets raise red flags.
🏠 **What is Mantra?**
- A **layer-1 blockchain** tokenizing real-world assets (RWAs) like real estate and commodities.
- Partnered with **DAMAC Group** to tokenize **$1B** in Dubai properties.
- 🚩 **Concern**: Only **$13M** in total value locked (TVL) vs. **$9.5B** fully diluted valuation (FDV).
📉 **Lessons for Crypto Investors**
- **Do Your Research**: High FDV-to-TVL ratios can signal risk.
- **Stay Cautious**: Volatility like this shows why diversification and stop-losses matter.
- **Follow the News**: Track updates on platforms like Binance Square to stay ahead!
🔥 **Crypto Market Buzz**
- **Fartcoin** surges **200%** despite market dips! 😅
- **Bitcoin** hits **$84K** on cool inflation data and US-China trade talks.
- Curious? Join the conversation on **Binance Square**!
💬 **What do you think? Is Mantra a buy-the-dip opportunity or a warning sign?** Share below! 👇
#USElectronicsTariffs #SaylorBTCPurchase #om #drop #BTCRebound $BTC $OM
