#TradingPsycology The recent crash of OM on the MANTRA platform left the community in confusion. In a series of instant drops, $5.5 billion was wiped out. According to several analyses, the incident was triggered by one trader manipulating two exchanges.
This incident underscores the fragility of many token projects. Despite what seemed like a huge market capitalization, a relatively small amount of liquidity caused a complete collapse. When the OM token of the MANTRA platform crashed earlier this week, it left many unanswered questions. It sparked allegations of foul play, and rumors of insider trading have haunted the company since then.
According to new analysis, the initial trigger for the OM crash was one trader.$SOL