Mantra $OM Welcome to crypto! Why did this happen?CRYPTOCAP:OM just embarrassed the entire RWA space.
90% wiped. Billions gone. All in under an hour.
This wasn’t random — it was coming.
The CRYPTOCAP:OM disaster explained
It started with one wallet.
A massive deposit of 3.9 million CRYPTOCAP:OM hit OKX.
That alone raised eyebrows — but when people realized who it belonged to, things got serious.
The wallet was reportedly linked to the team.
And here’s the kicker:
The OM team controls around 90% of the total token supply.
Team OM pumped price last year
When they move tokens, people notice — and for good reason.
This wasn’t the first red flag.
The CRYPTOCAP:OM community had already been losing trust:
– Quiet changes to tokenomics
– Delayed airdrops
– Alleged price manipulation via market makers
It was all bubbling under the surface.
So when the OKX deposit happened… panic set in.
The market saw it as the beginning of a dump.
And they were right.
Selling pressure started building — fast.
But things spiraled because of one more thing: OTC deals.
There were rumors the team made private token deals at huge discounts —
Some investors reportedly got in at 50% off or more.
That created a perfect storm.
Once CRYPTOCAP:OM dropped below those discounted prices, OTC buyers started cutting losses.
Retail followed. Fear kicked in.
Everyone was racing for the exit.
The chain reaction was brutal.
– Sell-offs
– Stop-losses triggered
– Leverage liquidations
– Liquidity vanished
All in under 60 minutes.
The market collapsed.
Over SEED_TVCODER77_ETHBTCDATA:6B in value gone.
It wasn’t just a price crash — it was a full ecosystem wipeout.
And the worst part?
Most holders had no idea it was coming.
If you’re in crypto, let this be a lesson.
⚠️ Be cautious with tokens where:
– A few wallets control the supply
– Promises get delayed
– The price feels “too stable”
– The team lacks transparency
DYOR isn’t optional anymore.
Final thoughts:
The RWA sector is one of crypto’s most promising narratives.
But events like this?
They damage credibility across the board.
This wasn’t just a rug. It was a trust collapse.
#RWA deserves better.
Thank you, Real World Asset Watchlist
Best regards EXCAVO
