Sasha why NOT

🚨 MANTRA $OM Token Collapse: $5.5B Wiped Out in Minutes

What Happened?

90% price crash: OM plummeted from $6.33 to $0.50 in under an hour.

$5.5B market cap erased, sparking comparisons to Terra LUNA’s collapse.

Trigger: A suspicious 3.9M OM deposit (linked to team wallets) to OKX, fueling sell-off fears.

Key Allegations

🔴 Team controls ~90% supply – raising manipulation concerns.

🔴 Undisclosed OTC deals – tokens reportedly sold at 50% discounts.

🔴 Exchange liquidations – forced closures worsened the crash.

#MANTRA Response

- Denies rug pull, blames "reckless exchange liquidations."

- Telegram muted during crisis, angering investors.

Why It Matters

This crash highlights critical risks in low-float, team-controlled tokens. Transparency and decentralization remain non-negotiable for investor safety.

Thoughts? Should exchanges enforce stricter listing rules for such tokens?

#SEC #OM