NIGHTEYE GEMS

It's been 3 months since i started to reserach about $OM (mantra) the popular layer1 and #RWA project of the mantra chain.
But unlike popular scams like $LUNA and $FTT this scam was open from the beginning.

Luna and Ftt crash was really unpredictable because they had some very good backing with a good ecosystem behind it which gave more trust to the investors for investing.
But now on the case of $OM breakdown here is few incidents which was open and eying for a scam from the beginning. Let's break down this in this post 👇

1.Supply manipulation
Last year the max supply of $OM was 1billion dollar and thevproject was performance really well at that time.
But 6 months ago they suddenly added 1 billion token in total supply and it is the first step of the mantra scam.
Due to the overly hype of retails no one said anything about mantra team and even those who said something about it retails didn't believe in anything 🤡.
2. RWA saga manipulation-
Real world assets has been a game changer since the bear market. The mantra team made the most use of it by using the real world narrative hype with sone false claims they manipulated the chart and pump it towards 8$.
It's nothing wrong if a project pump even if there is manipulation. so i don't see anything wrong about this.
3. Mantra ecosystem scam
Mantra is a layer 1 not really a #RWA project but they used the hype well.
As a layer1 every project try to built something in their chain. But we see nothing happening in their ecosystem. So they launch a airdrop for their community to gain interaction and it was very successfull.
But when it was the time to airdrop the token they delayed with their fake voting rights.
4- voting rights and price manipulation-
Total supply of $OM is almost 2 billion. But 97% of tokens are held by @JP Mullin and his insider team.
In that way supply remain only 3%.
lower supply make it easy to manipulate the price and that's what happend with $OM .

After the supply change binance also made a pop up warning for $OM .
it was really open for traders where this project was really going.
Those who bought fomo on a 100x pump project definetly deserve to get rugged.
5- Final ruggpull by insiders
Just before the crash
a team wallet sent 3.9M $OM to OKX
This triggered a flood of sell-offs and liquidations.
As i said lower supply means high price fluctations

They pulled the rug, live

Here is the proof

Founder speaking like this is definetly a ruggpull vivibes

In conclusion-
$OM rugg was open to everyone but as always reatailers follow their emotion and fall behind it.
They expect 100x profit from a project that has already pump 100x and guess what they will start to bark if u told them they make a mistake ✅
That's all folks no more talk about this scam
Move on more oppurtunities soon 🫡