$OM
What Really Happened with OM (Mantra) – A Deeper Dive
The OM token crash on April 13, 2025, wasn’t just a random dip—it was a storm in the making. On-chain activity shows a clear pattern of whale movements and aggressive sell-offs in the weeks leading to the collapse. Smart money wallets alone dumped over $42.5 million worth of OM, while $590 million in OM was moved from private wallets to centralized exchanges. That’s not retail panic—that’s coordinated unloading.
One notable transaction occurred on February 15, 2025, when a wallet moved 1.151 million OM to Binance—valued at $84.32 million. These tokens were acquired at just $0.2261, implying a staggering $81.72 million profit if sold at the $7.32 peak. Another event on March 20 saw a newly created wallet withdraw 644,700 OM (worth $4.42 million) from Binance within four hours. These movements are textbook signs of liquidity pressure and market manipulation.
To make matters worse, allegations have surfaced about a group referred to as the "Kabal team", believed to be insiders who dumped large volumes of OM during the crash. If true, this adds a layer of internal sabotage to what already appeared to be a structured liquidation event.
In conclusion, the OM crash seems less like a surprise and more like a calculated dump fueled by whales, insiders, and overleveraged market conditions. It’s a stark reminder that in crypto, the charts don’t always show the whole story—wallets do.
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