This might be a disaster on the level of $LUNA

Over $6B extracted from crypto in just 30 minutes

Here’s everything going on with $OM

And the red flags investors ignored🧵

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:

👉Market makers allegedly keeping the price high

👉Quiet changes to tokenomics

👉Airdrops kept getting delayed

👉Founder 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:

👉People sold
👉Stop-losses hit
👉Leverage 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 OM’s Telegram got deleted

The last message was someone calling it “LUNA 2.0”

Then… silence

No statement, no updates, nothing

The red flags were always there:

👉90% token supply held by the team
👉Airdrop betrayal
👉Hidden tokenomics changes
👉OTC deals behind closed doors

OM was #1 in RWA and it still rugged

Always stay safe