🕵️‍♂️ Investigation into $OM (Mantra) by OddEyeResearch.

1. The collapse was caused not by external factors, but by internal betrayal within a coordinated group that controlled >90% of the $OM supply and systematically manipulated the market.

2. On-chain data shows synchronization between token movements from Binance and price changes: key actions went through GSR io and DWFLabs, as well as a series of anonymous wallets.

3. Initially, the launch of a new token $AUM was planned, with a withdrawal from $OM (investment round at $11M). Later, at the advice of a third party, the fund proposed to make $OM a gas token.

4. Using external funds, the group orchestrated a pump of $OM on Binance — in December 2023, FDV rose from $20M to $100M, and in February 2024 — from $200M to $1B. In both cases, there was a mass withdrawal of tokens from CEX days before the rise.

5. Anonymous wallets gradually returned $OM back to exchanges after the pumps, repeating the same behavior pattern as the fund addresses.

6. The last dump occurred after one participant exited the conspiracy — presumably under the pressure of liquidating pledged $OM.

• Conclusion: The $OM market was controlled by a coordinated group, including the Mantra fund itself, and the current crash is the result of broken trust within.