The OM coin crash refers to the significant decline in value of the MANTRA (OM) cryptocurrency. Here's what happened - *90% Price Drop*: OM's price plummeted from $6-$7 to $0.43-$0.50, wiping out approximately $6 billion in market capitalization.

- *Team-Linked Wallet Transfer*: A wallet connected to the MANTRA team transferred 3.9 million OM tokens to the OKX exchange, sparking panic among investors.

- *Allegations of Market Manipulation*: Insiders allegedly control 90% of the coin's supply, raising concerns about market manipulation and artificial price inflation.

- *Private Deals and OTC Sales*: Tokens were sold at steep discounts (up to 50% off) through over-the-counter (OTC) transactions, triggering stop-loss orders and liquidations.

- *Blacklisting of Wallets*: The platform blacklisted over 50 wallets, labeling them as "bots," which further eroded investor confidence.

- *Similarities to Terra-LUNA Collapse*: Analysts compare the OM crash to the LUNA disaster due to market manipulation, secret deals, and community distrust leading to massive losses.

The MANTRA team has responded, stating that the crash was not caused by insiders, and Co-founder John Patrick Mullin has asked the community not to panic while they investigate the issue. So if you're confident then it's your buying area. #DYOR $OM