đš $OM CRASH ALERT: is $OM is the $LUNA of 2025 đ€
$OM, the native token of @MANTRA_Chain suffered a dramatic crash, sparking chaos in the crypto community
đ€„ The $OM team controlled over 90% of the total supply. Team pumped it from $0.02 to $9 and then dumped it again 90%.
đ According to Arkham, Before the $OM crash (since Apr 7), at least 17 wallets deposited 43.6M $OM ($227M at the time) into CEXs, 4.5% of the circulating supply
Some addresses are linked to Laser Digital. Laser Digital is a strategic investor in $MANTRA
đ There were rumors that OM had made OTC deals with investors at huge discounts, some at 50% off or even more.
đ So when the price dropped by 50%, all those OTC buyers were suddenly at a loss. Due to panic, Everyone wanted to exit before the price fell further upto $0.5
â ïž Hereâs the total breakdown:
đ Price Change: from $6+ to $0.50 (Dropped ~90%) in hours
đž Market Cap: Over $5B-$10B wiped out
đ On-Chain Clue: $227M OM moved to exchanges pre-crash, no coincidenceđ
đ Team Response: Team blames "reckless liquidations" on a CEX, not them
đ° Liquidation: $66.97M in positions wiped, 10+ over $1M each
Whatâs your take on this sitution sell-off or sabotage?
