“OM Crash Triggers Storm! The Shocking Truth Behind the Mantra Token Plunge”

The Mantra (OM) token recently experienced a shocking crash, with a market value evaporating by over $5 billion in an instant, dropping from $6.26 to less than $1, with a weekly decline of up to 91%. This disaster caught investors off guard and sparked widespread discussion on social media. What exactly caused a once highly regarded project to suddenly collapse?

As a Layer-1 blockchain project that had made breakthroughs in the real-world asset (RWA) sector, Mantra had established partnerships with well-known companies such as DAMAC Group, Polkadot, and Google Cloud, and received recognition from the Dubai Virtual Assets Regulatory Authority. However, behind the plunge of the OM token lies a deeper conspiracy.

Analysts point out that the OM team is suspected of causing a collapse of market trust through token sell-offs and the deletion of the official Telegram group. Additionally, the well-known partner Laser Digital has also been implicated; although the company denies any connection to the crash, on-chain data reveals a significant amount of OM being transferred to wallets associated with Laser Digital.

Amidst this chaos, the cryptocurrency exchange HTX announced the listing of the OM token, further intensifying market turmoil. Some believe this is an opportunity for Mantra's revival, while others question whether this action is fueling market manipulation.

Is the plunge of Mantra and OM just another “Terra Luna”-style disaster, or are there more conspiracies yet to be uncovered? What exactly has happened behind all this?