$OM 📉 Fact: The OM crash is not a coincidence
Date of the main crash: April 13, 2025 — OM fell from ~$6 to ~$0.57 (minus 90–98% in an hour).
Current price: $0.3374 (as of May 30, 2025), down another -14.5% for the day.
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🚨 What happened?
1. Manipulation and centralization
Large holders (“whales”, allegedly insiders called Kabal Team) began mass dumping of tokens.
Due to the high concentration of tokens among a limited circle — the price collapsed instantly.
2. Liquidations of collateral
Many users took loans against OM in decentralized protocols.
The price crash triggered a cascade of liquidations — like an avalanche.
3. Lack of transparency
The Mantra team did not provide explanations at the moment of the crash.
Users complain about:
High withdrawal fees.
Opaque rules for participation in airdrops.
Suspiciously “dead” community with hundreds of thousands of followers.
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❓ Is it a scam or not?
🔍 So far, there is no direct evidence of a scam, but:
Team behavior + lack of normal communication + strange tokenomics = high risk.
On forums (Reddit, X), people are already comparing Mantra to well-known pump-and-dump schemes.