The OM token's scenario is a trap for retail investors, and today we must expose it completely!
This coin suddenly emerged at the end of 2023, just in time for the chaotic market. A group of mysterious funds wanted to invest 10 million USD right off the bat, aiming to swallow 30% of the tokens and core technology. The legitimate team was scared away, but the opportunistic 'scalpers' sensed blood in the water and came in.
Focus on these two operators: Sharooq and Laser Digital. By December, they made direct trades, and then came the most cliché scheme in the crypto space to exploit retail investors:
1. The market makers frantically buy up tokens to inflate trading volume.
2. The shills hype it up as the "Ethereum killer."
3. They trick retail investors into panic buying at inflated prices.
By early 2024, this coin bizarrely surged in a bear market, but experienced investors already spotted the manipulation by a few wallet addresses controlling everything. Even more outrageous, the team continuously delayed token unlocks, reminiscent of a cursed IDO. Why? Because they hold the majority of the chips!
By February 2025, OM skyrocketed to 8 USD, and early investors cashed out. At this point, you could see what this project really was:
• Technology? Air!
• Partners? Fake!
• On-chain users? Approximately zero!
The most shocking part is that the market cap jumped from 5 billion to 7.1 billion in a single day; do you think investors are blind? Even more ridiculous is that the top 10 wallets control 30%, with each account holding between 150 million and 1.2 billion USD. In comparison, 99% of Ethereum users hold less than 1,000 USD; this is a terrible look.
Having seen this kind of scenario many times, retail investors always think they can exploit the market makers, only to end up losing everything. Remember, there are no free lunches in the crypto space; when you encounter sudden surges without solid evidence, it’s best to run!
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