💬ArkStream Capital Partner: OM is a grassroots OTC scheme, and the team has recently been promoting "OTC scheme" business.

According to HashKey Capital @HashKey_Capital member Rui @YeruiZhang and ArkStream Capital @ark_stream Founding Partner Ye Su @allen_su1024's revelations on X, the cryptocurrency project MANTRA ($OM) is a "grassroots OTC scheme" with an #OTC scale of $500M. It operates in a cycle of "using new OTC tokens to take over old OTC sell-offs" until the final unlocked chips "OTC remains unmoved" and explodes.

According to reports, in 2023, when the OM token's FDV fell to $20M and was almost abandoned, a Middle Eastern capital intervened and acquired it with the help of an intermediary, retaining only the CEO position. The Middle Eastern capital owns a large number of physical assets such as luxury homes and resorts, and subsequently packaged OM as a Real World Asset tokenization (RWAfi) project.

Ye Su said that under high control, OM achieved the highest increase on Binance in 2024, achieving a 200x increase. The team has recently been promoting "OTC scheme" business.