$OM Token Crashes 90% in 24 Hours — Here’s What Really Happened

From $6.30 to $0.48, $OM’s value took a nosedive — erasing over $5 billion in market cap overnight.

The team pinned the blame on “forced liquidations” on centralized exchanges.

But here’s what actually unfolded behind the scenes:

- On April 11, 2025, the @MANTRA_Chain team moved 3.9 million $OM tokens to OKX, raising concerns of insider selling and price instability, especially with the team holding 90% of the supply.

- Low liquidity hours + mass liquidations = sharp, uncontrollable drop

- MANTRA's Telegram group was temporarily closed to new members, and co-founder John Patrick Mullin acknowledged the unprecedented nature of the event, assuring the community that the team is actively investigating the cause

It’s a breakdown in trust.

Dig deeper and you’ll find:

— #Tokenomics altered quietly with no community input or governance

— Rumors of OTC deals impacting supply and market pressure

— Legal disputes in Hong Kong involving #DAO fund misuse and partner disputes

— Poor communication during crisis — a crucial leadership failure

And the biggest lesson for traders?

This collapse didn’t begin overnight. It started when core project fundamentals were quietly undermined — without transparency.

📉 In crypto, price crashes don’t begin with candles — they begin with silence, missed red flags, and ignored governance.

If you’re trading, investing, or backing a project —

Track wallet flows. Read tokenomics. Question what’s not on the roadmap.

Disclaimer: This is not financial advice. Always do your own research (DYOR).

#omcollapse #crypto #blockchain $OM #$OM