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H0T: The moment Musk steps back from DOGE, Tesla roars ahead. Investors celebrate as his $43,000,000,000 fortune survives another political storm. 🌪️💰⚡
$DOGE
$DOGE
Over the past day, Dogecoin’s price has fluctuated between a low of $0.1494 and a high of $0.158. Despite the intraday gains, it has fallen more than 6% over the past week. These fluctuations indicate unstable support levels, which could put pressure on prices.According to CoinGlass, Dogecoin futures open interest fell 1% to $1.43 billion. The decline suggests that there are fewer traders willing to hold positions, especially in an uncertain environment. If market interest continues to fade, the likelihood of a short-term pullback will be greater$DOGE
The OM coin, the native token of the MANTRA project, experienced a significant crash on April 13, 2025, plummeting over 90% in a matter of hours. This drastic fall erased billions of dollars in market capitalization, causing considerable concern among investors and the broader crypto community.
While no official explanation has been definitively confirmed, several theories and contributing factors have emerged:
1. Reckless Liquidations:
* MANTRA officially attributed the crash to "reckless liquidations" initiated by centralized exchanges on OM account holders. They claimed that these forced closures of positions occurred without sufficient warning or margin calls, triggering a cascade effect that led to the massive price drop.
* MANTRA co-founder John Mullin described the situation as "unprecedented," citing massive forced liquidation on an undisclosed exchange during low-liquidity hours on a Sunday evening UTC (early morning Asia time), which may have exacerbated the price decline.
2. Potential Insider Activity/Large Sell-offs:
* Speculation arose about a potential massive sell-off of OM tokens, possibly by the founding team or large holders ("whales").
* On-chain data indicated that a group of OM whales moved a substantial amount of OM (14.27 million, worth approximately $91 million) to the OKX exchange three days before the crash.
* Another analysis pointed out that at least 17 wallets deposited 43.6 million OM (around $227 million at the time) into exchanges in the week leading up to the crash. Two of these addresses were reportedly linked to Laser Digital.
* Some analysts highlighted that the MANTRA team allegedly controlled around 90% of the total token supply, raising concerns about their ability to manipulate the market.
3. Allegations of a "Rug Pull" or Scam:
* Some traders and investors on social media likened the OM crash to a "rug pull," where the project team abruptly disappears with investors' funds.
* Concerns were amplified by reports of the OM Telegram group being deleted shortly after the crash.
While no official explanation has been definitively confirmed, several theories and contributing factors have emerged:
1. Reckless Liquidations:
* MANTRA officially attributed the crash to "reckless liquidations" initiated by centralized exchanges on OM account holders. They claimed that these forced closures of positions occurred without sufficient warning or margin calls, triggering a cascade effect that led to the massive price drop.
* MANTRA co-founder John Mullin described the situation as "unprecedented," citing massive forced liquidation on an undisclosed exchange during low-liquidity hours on a Sunday evening UTC (early morning Asia time), which may have exacerbated the price decline.
2. Potential Insider Activity/Large Sell-offs:
* Speculation arose about a potential massive sell-off of OM tokens, possibly by the founding team or large holders ("whales").
* On-chain data indicated that a group of OM whales moved a substantial amount of OM (14.27 million, worth approximately $91 million) to the OKX exchange three days before the crash.
* Another analysis pointed out that at least 17 wallets deposited 43.6 million OM (around $227 million at the time) into exchanges in the week leading up to the crash. Two of these addresses were reportedly linked to Laser Digital.
* Some analysts highlighted that the MANTRA team allegedly controlled around 90% of the total token supply, raising concerns about their ability to manipulate the market.
3. Allegations of a "Rug Pull" or Scam:
* Some traders and investors on social media likened the OM crash to a "rug pull," where the project team abruptly disappears with investors' funds.
* Concerns were amplified by reports of the OM Telegram group being deleted shortly after the crash.
harsh reality 💔💔
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