Brittany willo
--
MANTRA ($OM ): The Crypto Ponzi Nobody Wants To Talk About (But I Will)
Let’s rewind this mess and break it down, piece by shady piece.
In late 2023, $Om suddenly popped up during peak market uncertainty. Out of nowhere, a mystery buyer tried scooping up 30% of its supply + tech for $10M. A big-name founder passed… but vultures love distressed assets.
Then came Sharooq Ventures + Laser Digital (Nomura side hustle). By Dec ‘23, deal sealed. What followed? Classic pump-and-dump 101:
Scoop a fat chunk of tokens
Manufacture volume
Shill it like the next Solana
Bag-holders on board
By early 2024, $OM was magically mooning in a bear market. But analysts clocked the sketch: a few wallets were basically puppeteering price action.
Late 2024:
Investors start asking for their unlocked tokens. Crickets.
The MANTRA team kept delaying vesting like it was a presale from hell. And guess what? They held most of the supply. No one dared speak out.
Then came the real kicker…
February 2025: $OM hits $8
Early whales cash out, but under the hood?
No real tech
No legit partnerships
Zero on-chain traction
But the market cap exploded from $5B → $7.16B in 24 hours. “Totally organic,” right?
Oh, and just 10 wallets control 30% of all tokens, holding $150M to $1.2B each.
Compare that to ETH, where 99% of holders have <$1K worth.
This ain’t innovation. It’s manipulation in a DAO hoodie.
Let’s rewind this mess and break it down, piece by shady piece.
In late 2023, $Om suddenly popped up during peak market uncertainty. Out of nowhere, a mystery buyer tried scooping up 30% of its supply + tech for $10M. A big-name founder passed… but vultures love distressed assets.
Then came Sharooq Ventures + Laser Digital (Nomura side hustle). By Dec ‘23, deal sealed. What followed? Classic pump-and-dump 101:
Scoop a fat chunk of tokens
Manufacture volume
Shill it like the next Solana
Bag-holders on board
By early 2024, $OM was magically mooning in a bear market. But analysts clocked the sketch: a few wallets were basically puppeteering price action.
Late 2024:
Investors start asking for their unlocked tokens. Crickets.
The MANTRA team kept delaying vesting like it was a presale from hell. And guess what? They held most of the supply. No one dared speak out.
Then came the real kicker…
February 2025: $OM hits $8
Early whales cash out, but under the hood?
No real tech
No legit partnerships
Zero on-chain traction
But the market cap exploded from $5B → $7.16B in 24 hours. “Totally organic,” right?
Oh, and just 10 wallets control 30% of all tokens, holding $150M to $1.2B each.
Compare that to ETH, where 99% of holders have <$1K worth.
This ain’t innovation. It’s manipulation in a DAO hoodie.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.