🚨 Mantra $OM Crash: What Happened? 🚨
On April 13, 2025, Mantra’s $OM token plummeted from $6.32 to $0.57 —a jaw-dropping 90% crash in hours! 😱 Here’s a deep dive into the chaos that shook the crypto community and what it means for $OM holders. 🧵👇
1️⃣ Forced Liquidations by Exchanges
Mantra co-founder John Patrick Mullin pointed fingers at centralized exchanges for “reckless forced closures” of $OM positions. These liquidations hit during low-liquidity Sunday evening hours , when the market was vulnerable. With few buyers to absorb the sell-off, the price tanked FAST. 📉
2️⃣ Derivatives Trading Explosion
Derivatives volume for $OM skyrocketed by 7,000% in 24 hours , hitting over $6B ! 😲 Platforms like Binance and Bybit saw massive activity. This suggests a liquidation frenzy, with leveraged positions wiped out, triggering a cascade of panic selling that crushed the price further.
3️⃣ Big Players Dumping Tokens?
On-chain data revealed 17 wallets moved 43.6M $OM tokens (4.5% of circulating supply) to exchanges like OKX and Binance before the crash. Some wallets were linked to Laser Digital , a Mantra investor. 🤔 While the team claims their tokens are locked, this raised eyebrows about insider selling.
4️⃣ Low Liquidity + Panic
The crash happened when liquidity was thin, amplifying the impact of sell orders. Social media erupted, with some comparing it to LUNA’s collapse . Fear drove retail investors to dump holdings, creating a vicious cycle. 🌀
📊 Context : $OM had surged 460x in under a year, making it ripe for a correction. But no one expected THIS. The Mantra team insists they’re not at fault, blaming exchange practices. Meanwhile, $OM’s price has seen a slight bounce but remains way below its peak.
💡 Takeaways : This crash exposes the risks of leverage, low liquidity, and centralized exchange power in crypto. For $OM holders, it’s a tough lesson in volatility. Will Mantra recover? Only time will tell. ⏳
What do you think—bad luck or something deeper? Drop your thoughts below! 👇
#Mantra #OM #CryptoCrash #Blockchain #DeFi
Disclaimer : This post is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry high risks. Always conduct your own research before making investment decisions.
On April 13, 2025, Mantra’s $OM token plummeted from $6.32 to $0.57 —a jaw-dropping 90% crash in hours! 😱 Here’s a deep dive into the chaos that shook the crypto community and what it means for $OM holders. 🧵👇
1️⃣ Forced Liquidations by Exchanges
Mantra co-founder John Patrick Mullin pointed fingers at centralized exchanges for “reckless forced closures” of $OM positions. These liquidations hit during low-liquidity Sunday evening hours , when the market was vulnerable. With few buyers to absorb the sell-off, the price tanked FAST. 📉
2️⃣ Derivatives Trading Explosion
Derivatives volume for $OM skyrocketed by 7,000% in 24 hours , hitting over $6B ! 😲 Platforms like Binance and Bybit saw massive activity. This suggests a liquidation frenzy, with leveraged positions wiped out, triggering a cascade of panic selling that crushed the price further.
3️⃣ Big Players Dumping Tokens?
On-chain data revealed 17 wallets moved 43.6M $OM tokens (4.5% of circulating supply) to exchanges like OKX and Binance before the crash. Some wallets were linked to Laser Digital , a Mantra investor. 🤔 While the team claims their tokens are locked, this raised eyebrows about insider selling.
4️⃣ Low Liquidity + Panic
The crash happened when liquidity was thin, amplifying the impact of sell orders. Social media erupted, with some comparing it to LUNA’s collapse . Fear drove retail investors to dump holdings, creating a vicious cycle. 🌀
📊 Context : $OM had surged 460x in under a year, making it ripe for a correction. But no one expected THIS. The Mantra team insists they’re not at fault, blaming exchange practices. Meanwhile, $OM’s price has seen a slight bounce but remains way below its peak.
💡 Takeaways : This crash exposes the risks of leverage, low liquidity, and centralized exchange power in crypto. For $OM holders, it’s a tough lesson in volatility. Will Mantra recover? Only time will tell. ⏳
What do you think—bad luck or something deeper? Drop your thoughts below! 👇
#Mantra #OM #CryptoCrash #Blockchain #DeFi
Disclaimer : This post is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry high risks. Always conduct your own research before making investment decisions.
