The big burnš„ of $OM is today. 1/3 of the total supply (300 million OM) will be burned. This should greatly boost the token price. šš. You can see the details in this post https://www.mantrachain.io/resources/announcements/token-update-300m-om-burn
The CEO of MantraChaim JPMULLIN reported today that he expects a burn of 300 million tokens $OM by April 29. Currently, OM is a cryptocurrency that has a market capitalization of 500 thousand USD, and when those tokens are burned, there will be an approximate circulating supply of 600 million, making it very likely that the price will easily reach one dollar.
Typical of someone who throws a short and then sows FUD to make some bucks.
ShoRao_n_Moon777
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$OM Dear Binance Team, the situation surrounding OM Mantra ($OM) warrants immediate attention and scrutiny. The alarming price crash experienced by users holding $OM before April 13th, coupled with the concerning funding history showing sustained negative rates, raises serious questions about potential market irregularities. Furthermore, the imminent large-scale token unlocks commencing on April 21st present a significant risk of increased selling pressure and further price depreciation for your users. We urge Binance to conduct a thorough investigation into the events leading to the drastic price decline and to provide clear communication and support to affected users. Ensuring a fair and transparent trading environment is paramount. Please address these urgent concerns regarding $OM . #Binance #CryptoExchange integrity #ommantra
š„ Why BUY $OM Today? ā DeFi + Real World Assets ā OM is bringing real-world assets to DeFi like a boss. ā Regulated & Scalable ā Building in the real world with a focus on compliance and mass adoption. ā Low Market Capitalization = High Potential ā OM has the potential to be the next 10x gem.
These actions being taken by the CEO of MantraChaim along with his team renew my confidence in OM. I have already bought at these prices and it is likely that I will buy more.
did someone in the futures market have a crazy short on OM for when it crashed, coming out very benefited?
Crypto Raju RRO
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Inside the Collapse of $OM: A Coordinated Attack? Binanceās Role Under Scrutiny
$OM #OM On April 14, $OM (Mantra) experienced a dramatic 95% crash within just a few hours, sending shockwaves through the market. But this wasnāt a typical case of market volatility. After a deep dive into the data, itās clear this was a deliberate, strategic attack involving key market players. The question remains: who orchestrated this?
OKX Wrongly AccusedāSpotlight Shifts to Binance
Initial speculation pointed fingers at OKX, but further analysis reveals otherwise. The true source of the sell-off appears to be Binanceās perpetual contract market. The selling pressure from Binance was significant enough to ripple across the broader market, destabilizing liquidity across platforms.
Unprecedented Volatility
Binanceās perpetual market was the first to show extreme price swings, sparking a chain reaction. As prices plummeted, other exchanges struggled to keep up, exposing massive liquidity gaps. This swift market-wide reaction hints at powerful capital behind the scenes, executing a calculated move.
CVD Data Reveals Telltale Signs
Cumulative Volume Delta (CVD) analysis paints a clear picture: while Binance's perpetual CVD saw a sharp drop, OKX's CVD actually roseāsuggesting arbitrageurs were capitalizing on the chaos. This divergence strongly implies that a single entity may have been manipulating the market, triggering a cascade of forced sales.
A Shadowy Whale on OKX
Adding to the mystery, large limit sell orders appeared suddenly on OKX, likely from a major player liquidating a substantial position in under a minute. Whether this was driven by leaked information or insider foresight remains unknown, but the timing suggests deliberate execution.
Tracing the Source On-Chain
On-chain data reveals a walletāactive for over 448 days and linked to OKXāthat had been staking $OM long before the crash. The sell-off appears connected to this wallet, raising serious questions about its operatorās knowledge and intentions.
Final Thoughts
This wasnāt a random market dip. The precision, the timing, and the players involved all point to a coordinated strike. Both Binance and OKX may be more aware of the situation than theyāve let on. Beneath the surface of this crash lies a premeditated and sophisticated market manipulationāone that may have only just begun to unravel. #Om
$OM , we all wonder if it will continue to drop or if, on the contrary, it has reached the bottom. Personally, I believe that OM is preparing to rebound, the team is preparing for a significant buyback and burn of tokens in order to boost the price of the cryptocurrency. Where some see risk and fear, others see opportunities. I personally thought that the OM train had passed me by when the coin hit 9 USD. Because of this, I have bought to hold. What do you plan to do?
So you recommend buying PAXG which is currently at its highest price in history and not OM which has lost 92% of its highest value?
Elusive Trader
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I ask my followers and anyone else interested to be very careful when investing in $OM at this moment. There is a great possibility that your capital will serve as a liquidity exit for those who got trapped in the currency. It doesn't matter what caused the crypto meltdown; the level of volatility during this period will be very dangerous, especially for leverage. I read about the promise of token burning to attract new investors, but even that will not recover the currency, and those who are at a loss will sell as soon as they have liquidity to minimize their losses. You can say Iām wrong all you want; do your research, and if you find it wise to enter a position now, but you will be the lifeboat for others. It can and will be a high-risk return for both sides, but do not go "all in"; do not bet all your capital, as that will be a lost bet. Remember that a bottom is not always definitive in cryptos. Look at the chart and verify; it went bullish and has not stabilized in price; it is already bearish again. I am still unmotivated to move forward, but I concentrated what is left and is not blocked, and I am shorting $PAXG ; I donāt know how long it will take to recover, but itās what I could plan amid all this.
I wish strength to everyone who is facing this loss.
Today, 240 million RED tokens are being unlocked, which is 6 times the amount currently available in the market (there are currently only 40 million), so the price of the Token will likely drop sharply.
Soon we will see a new network that will be incorporated into the Metis ecosystem, potentially generating a bullish impulse in the value of its token, as Metis is at the center of the economic model of the ecosystem, capturing value and maintaining utility in the Andromeda and Hyperion networks through multiple mechanisms.
The utility of the token, in addition to governance, will be as native gas for all transactions on both chains. "This dual network utility creates a unified economic system in which the transaction volume of AI-intensive applications in Hyperion and general DApps in Andromeda contributes to the value of the token. This multi-chain approach ensures that as the ecosystem expands, the utility of the METIS token is strengthened proportionally across all network activities." Retrieved from https://www.metis.io/blog/metis-hyperion-the-next-evolution-of-high-performance-layer-2
I wouldn't be surprised if we soon see a considerable bullish impulse in Metis, even surpassing its all-time high prices.
Did you know that Binance is raffling off 10,000 USDC to those who are willing to keep 0.01 USDT frozen while the raffle lasts? That's right, it's completely free. To participate, you need to enter the link. I wish you good luck.
If you are looking for a undervalued and underestimated cryptocurrency with the potential to rise by 1000% or even more in this Bull Market, that cryptocurrency you are looking for is #METISš„š„š„ , from the Metis Andromeda.
It is a Layer 2 of ETH and the only one with a 100% decentralized Sequencer.
It has a very low supply, of only 10 million (a supply similar to KSM which has its ATH above 2000 usd), so it wouldn't surprise me if one day it is worth more than ETH.
The CEO is the mother of the one and only Vitalik (CEO of ETH).
The network is 100% functional, fast, easy, and elegant with super economical gas fees.
If you don't know it, we invite you to take a look at it.
They knew that if they have 1 USDT on Binance they can participate in the 500 USDT draw. The best of all is that if they don't win at the end of the giveaway, Binance gives them their USDT back, so they don't lose any money. I'll give you the link.
#Ultiverse is a gaming project from #binancelabs. If you want to access a possible airdrop of this project, you might want to explore it. It is on the opBNB network, so if you do not yet have BNB on Binance Layer 2, you will have to transfer it from the bridge (https://opbnb-bridge.bnbchain.org). Accessing, testing and earning points costs fractions of cents on the dollar. I leave you a referral link and five codes.
#Metis an ETH Layer 2 that has a lot of potential. Not only because its Marketcap is low, but because the maximum supply of the token is 10 million, which makes it even more eccentric than #Bitcoin or that some may be worth more than #ETH . Did you know that the CEO is the mother of the CEO of ETH? .
This cryptocurrency is on the prelude to taking an unprecedented leap, not only because 40% of the total tokens are locked to ensure the development of the network. It will soon reach the biggest milestone of this year, when it launches the first decentralized sequencer.
If one day you want to be a Millionaire, maybe you should start here....