The collapse of Mantra is being called “the Luna of 2025”
90%+ down over 5 billion dollar wiped All within 4 hours
It caught most people off guard…but not everyone!
Some sleuths have been pointing to red flags within Mantra for a while now
Here’s how it went down/everything you missed:
The wallet
Over the weekend, a whale wallet transferred a total of ~$ 25M worth of OM tokens to the OKX exchange, indicating a potential sale
~$ 25M worth of sell pressure ain’t great – but it was WHO was selling that REALLY helped to trigger the initial panic…
The whale
This whale deposit was linked back to someone from/associated with the Mantra team.
“An insider quietly getting ready to sell, while everyone is busy with their weekend” – say that out loud to yourself and tell me it doesn’t sound just a little red flaggy
Especially when you add it to the other concerning factors surrounding Mantra…
A collection of red flags
They recently postponed their community airdrop 🚩
The team still controls ~90% of the total token supply 🚩
They recently changed the project’s tokenomics (rather quietly) 🚩
There were rumors that OM was being privately sold (OTC) to insiders at 50% off 🚩
The selling starts → the panic sets in → it all collapses
The market starts connecting the dots between the OKX deposit and the entity that made it → everyone starts selling OM → this craters the price 50%+ in a matter of minutes
Now, remember the rumors that OM was being sold OTC to insiders at 50% off?
Yuh. Well, the theory goes:
When the OM price started tanking yesterday, these insiders panicked and started bulk selling their discounted tokens (now at a loss) .This selling pressure is what pushed OM as low as $0.40 (down from ~$6.15 at the start of the day). That’s a 94% drop within 4 hrs!
But the saddest part of the whole thing might actually be this
Even though OM cratered more than 90% yesterday – its 12-month performance is still better than Ethereum’s (-30% vs. -50%)
So what can we learn from all of this?
When analyzing projects, look out for red flags like: failed/missed promises, restricted circulating token supply, asymmetric insider control.
It might be time to do a wellness check on the ETH maxies in your life.
timing in crypto is everything, OM was one of our biggest gems last year and this year is one of the biggest scams! that's why you must turn alt profits to BTC or lambo!
These days, everyone has become a detective, trying to analyze the OM dump but don’t forget, many traders made millions by shorting OM, Sometimes, it’s just a matter of skill
So far we see top signals in crypto market, Michael Saylor & Justin Sun Forbes cover , Trump rugged crypto bros and his fans (which is usual) , bybit hack and OM dump...whats next ?
90%+ down over 5 billion dollar wiped All within 4 hours
It caught most people off guard…but not everyone!
Some sleuths have been pointing to red flags within Mantra for a while now
Here’s how it went down/everything you missed:
The wallet
Over the weekend, a whale wallet transferred a total of ~$ 25M worth of OM tokens to the OKX exchange, indicating a potential sale
~$ 25M worth of sell pressure ain’t great – but it was WHO was selling that REALLY helped to trigger the initial panic…
The whale
This whale deposit was linked back to someone from/associated with the Mantra team.
“An insider quietly getting ready to sell, while everyone is busy with their weekend” – say that out loud to yourself and tell me it doesn’t sound just a little red flaggy
Especially when you add it to the other concerning factors surrounding Mantra…
A collection of red flags
They recently postponed their community airdrop 🚩
The team still controls ~90% of the total token supply 🚩
They recently changed the project’s tokenomics (rather quietly) 🚩
There were rumors that OM was being privately sold (OTC) to insiders at 50% off 🚩
The selling starts → the panic sets in → it all collapses
The market starts connecting the dots between the OKX deposit and the entity that made it → everyone starts selling OM → this craters the price 50%+ in a matter of minutes
Now, remember the rumors that OM was being sold OTC to insiders at 50% off?
Yuh. Well, the theory goes:
When the OM price started tanking yesterday, these insiders panicked and started bulk selling their discounted tokens (now at a loss) .This selling pressure is what pushed OM as low as $0.40 (down from ~$6.15 at the start of the day). That’s a 94% drop within 4 hrs!
But the saddest part of the whole thing might actually be this
Even though OM cratered more than 90% yesterday – its 12-month performance is still better than Ethereum’s (-30% vs. -50%)
So what can we learn from all of this?
When analyzing projects, look out for red flags like: failed/missed promises, restricted circulating token supply, asymmetric insider control.
It might be time to do a wellness check on the ETH maxies in your life.
timing in crypto is everything, OM was one of our biggest gems last year and this year is one of the biggest scams! that's why you must turn alt profits to BTC or lambo!
These days, everyone has become a detective, trying to analyze the OM dump but don’t forget, many traders made millions by shorting OM, Sometimes, it’s just a matter of skill
So far we see top signals in crypto market, Michael Saylor & Justin Sun Forbes cover , Trump rugged crypto bros and his fans (which is usual) , bybit hack and OM dump...whats next ?
🟣MasterClass moonypto.com/masterclass
🟢Signal moonypto.com/signal
🔵News t.me/moonypto
t.me/moonyptofarsi
🟢Signal moonypto.com/signal
🔵News t.me/moonypto
t.me/moonyptofarsi
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🟣MasterClass moonypto.com/masterclass
🟢Signal moonypto.com/signal
🔵News t.me/moonypto
t.me/moonyptofarsi
🟢Signal moonypto.com/signal
🔵News t.me/moonypto
t.me/moonyptofarsi
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.