Recently, the om om of the Mantra series has decreased more than 90 % in just one hour from eliminating more than $ 5.5 billion in the value that caused ruin in the encryption market. Everything began when a wallet is probably deposited to be linked to the 3.9 million om team of OKX, which alerted the community because the team controls about 90 % of the total supplies of OM.
Although a talisman claims limited participation, internal movements and market reactions have sparked dramatic sale. During the past year, the OM team faced criticism for price treatment. The latest reaction deposit sparked a chain reaction that sent the value of the distinctive symbol in a declining cycle.
Send the consecutive liquidation the distinctive symbol shattered
After this deposit, the tremendous sales began to raise rumors of the previous OTC deals with more severe discounts of up to 50 %. The value of the distinctive symbol continued to decline that led to the sale of panic and the successive effect of liquidation that sent the price to the collapse point.
The co -founder of Mantra JP Mullin said that the low prices were caused by a “reckless filter.” Meanwhile, Binance intervened to clarify that the interrupted mutual filter led to the om crash.
A big scandal
OKX Xu CEO of Okx CEO described the om code as a big scandal for the encryption industry. He pointed out that all onchain data, such as the distinctive symbol, deposits and references in general, can be reviewed. He also promised that OKX will issue detailed reports. This comes after a report revealed that 17 wallets, including two associated with Investor Laser Digital, were sent worth $ 227 million of om to exchange before collapse.
OKX increases risk controls after om’s distinguished symbol changes and suspicious activity
OKX too I mentioned Significant changes have been made on the distinctive symbol for om starting in October 2024. The Stock Exchange also indicated an unusual activity on a large scale that includes similar addresses on Blockchain since March 2025. In response to the control of OKX, its risks controls and advised users to exercise caution due to the increasing market risks
Om rebound 200 %
The code recovered 200 % after a breakdown of 90 % up to $ 1.10. The co -founder of the project JP Mullin confirmed that the project was still active, while the official Telegram group remained online.
Nearly 100 % wiping. In one night
This was one of the most credit and confidence #Rwa project
We are in the event that everything is very fragile can fade by 90 % within one day after 100 days of profit
If you ask me if the bull market is over. short… pic.twitter.com/exu0rxe2dn
– AmicCrypto (amicatcrypto) April 14, 2025
It is worth noting that the Rebound of $ 200 % of $ 0.37 is similar to the pattern seen in the Luna 2022 accident. After a brief recovery of Luna, he was unable to recover the main average movement. Experts now doubt OM’s recovery with amicatcrypto, expecting that it can decrease by 90 % and indicate that any gains are just temporary trembling.
