⚠️ INSIDERS SPOTTED THE DIVE EARLY: THE TRUTH BEHIND $OM’S SLIDE 🔍
Before $OM plunged nearly 90% in April, whales were already deep in the game — and they might be gearing up for a major comeback.
💰 Here’s the rewind:
In February, whales bought 15.6 million OM tokens (worth about $93 million) in just one week, pushing the price up 70% to almost $6 within 17 days. Then in early March, another $143 million worth of OM moved—mostly from Binance wallets—triggering a subtle 8% dip and a classic “rising wedge” breakdown, often a sign of an incoming dump.
💥 April crash:
$OM crashed hard, falling from $6 to just $0.64, wiping out many retail investors. But whales? They saw opportunity and bought aggressively. On-chain data shows continued whale accumulation through May, even scooping more at prices between $0.41 and $0.42.
But here’s the catch:
🟡 Volume is down
🔴 Risk scores are climbing
🐳 Whales are buying, but cautiously.
So why the big whale obsession with $OM?
🔥 Because Mantra DAO (#MANTRA) is heavily focused on Real-World Assets (RWAs):
• Holding a VASP license in Dubai 🏝️
• Secured a $1 billion deal with DAMAC 🏗️
• Strong backing from Middle East investment funds 💼
• Token concentration at just 0.13% — making manipulation tough 👊
RWAs are expected to reach $16 trillion, positioning $OM for massive growth if momentum returns.
📈 What’s next?
• A break above $1 signals bullish momentum
• $6.47 is a key resistance zone
• The old target remains $7.50 🎯
But if whales pull back, $OM could revisit $0.30 or lower.
The big question: Are whales setting up Round 2 or just trapping retail investors? 🐳💸
Drop your thoughts below! Are you buying the dip or waiting for confirmation?
#BinanceAlphaAlert #CryptoWhales #mantra #binancelaunchpad #DeFiNews