MANTRA ($OM): The Crypto Ponzi Nobody Wants To Talk About (But I Will)

Alright, let’s rewind a bit and see how this shitshow got started.

So, MANTRA ($OM) popped up on the radar in late 2023, right when the crypto space was already drowning in uncertainty. Outta nowhere, whispers started flying about a possible takeover. And guess what? Some big-name founder (who’s probably trusted way too much) got hit with an offer to buy 30% of the project’s tokens and tech for a cool $10 million. LMAO, what a bargain, right?

Dude passed on the deal, but vultures LOVE distressed assets, and MANTRA being listed on Binance made it look extra juicy. Fast forward to December 2023 - boom, deal done. The buyers? Sharooq Ventures and Laser Digital (aka a Nomura Bank side hustle). What followed was the ol’ pump-and-dump playbook: grab a ton of tokens, jack up trading volume, and convince bag-holders they’re in on the next big thing.

By early 2024, MANTRA was suddenly the hot topic in Web3, seeing “miraculous” price increases even when the market was tanking. Analysts were side-eyeing hard, noticing how a few big wallets were straight-up controlling the token’s price. Shocker.

Come late 2024, some investors started asking, “Uh, where’s my unlocked tokens?” but lol, good luck with that. The MANTRA team just kept pushing back token unlocks like it was some kinda never-ending pre-launch waitlist. And those investors? Too scared to raise hell cuz the team held most of the damn supply.

MANTRA Hits $8 – But What’s Actually There?

By February 2025, OM hit $8, making early investors laugh their way to the bank. But let’s be real: no actual tech, no partnerships, and barely any blockchain activity. The market cap jumped from $5B to $7.16B in 24 hours—totally organic, I’m sure.

And here’s where it gets even sketchier: 30% of all MANTRA tokens are chilling in just 10 wallets, each stacked with $150M to $1.2B. Meanwhile, real cryptos like ETH? 99% of its supply is spread out across normie wallets holding less than a grand.But nah,totally not manipulated,$OM