I salute OM for this bottom-fishing!

The reasons are as follows, let's start from the beginning:

🔹 What is OM?

OM is the native token of the MANTRA public blockchain, focusing on bringing real-world assets (RWA) on-chain—such as turning traditional assets like real estate and bonds into tokens for trading on the blockchain.

In simple terms, it aims to be a "bridge between traditional finance and DeFi," helping institutions move large sums of money onto the blockchain to get things done.

The underlying structure is a Layer 1 built on Cosmos, supporting cross-chain functionality, privacy protection, governance, staking, lending, liquidity incentives, and more.

🔹 What can it do? What are its uses?

Governance: Holding OM allows participation in voting on major decisions like platform upgrades and interest rate adjustments.

Staking rewards: Staking OM can yield up to 35% annually, and it also allows for mining and lending.

RWA asset trading: Real estate and bonds have already been brought on-chain, attracting over 100 million dollars. In 2024, the asset pool grew by 35%, making it one of the star projects in the RWA sector.

🔹 How did it become popular? Why did it surge?

OM skyrocketed from just a few cents to 8 dollars (February 2025), with an increase of over 100 times, and a market cap exceeding 840 million dollars.

🔥 Three major driving forces for the explosion:

DeFi boom: In 2024, TVL broke 150 billion dollars, and RWA projects reaped the benefits.

Strong partnerships: Secured deals with UAE real estate tycoon MAG and Zand Bank, institutional money started to flow in.

Sentiment-driven: As BTC rises, everyone starts looking for the next big opportunity—RWA became a hot topic.

🔻 Why the crash? Who caused it?

Just a few days ago, OM plummeted from 6U to 0.37U in less than a minute! A short-term collapse of 90%, with over 28.61 million dollars liquidated, wiping out all long positions!

MANTRA's official blog responded:

👉 It was centralized exchanges (CEX) that forcibly liquidated large holders during low liquidity at dawn, triggering a sell-off, and it was not the project team selling tokens.

👉 The team and investors' funds are locked, and the tokenomics hasn't changed.

👉 Market makers also made mistakes, mistakenly pulling BTCDOM (Bitcoin market cap index) up by 20%, becoming one of the black swans.

Even CZ commented: "Don’t chase narratives, look at the project's fundamentals."