what the $OM is going on....

😂😂

The cryptocurrency market has been rocked yet again by the dramatic crash of Mantra’s $OM token, which plummeted over 90% in a single hour on April 14, 2025, wiping out approximately $6 billion in market capitalization.

The $OM token, tied to Mantra’s real-world asset (RWA) tokenization platform, dropped from $6 to $0.40 in a matter of hours, triggered by what the Mantra team described as “reckless liquidations” on centralized exchanges during a period of low liquidity.

A massive deposit of 3.9 million om tokens to the OKX exchange, reportedly linked to a team wallet, fueled panic and speculation of a potential rug pull.