Ah, dear audience, gather ‘round! For we embark on a tale most ludicrous—a tale of tokens, trades, and treachery! 🎭 After poor Mantra’s OM token plummeted a staggering 90% (forsooth!), whispers of insider dealings grew ever louder like a fine French farce.
Behold! Mantra DAO, in a theatrical flourish, swayed more tokens to the wallets of exchanges—like a maestro conducting an orchestra of chaos. Just this past Monday, in the year of our discord 2025, the noble entity relocated a princely sum of $26.96 million in OM tokens to the fabled Binance! 🌪️
“With 90% already cast away in $OM, methinks the $OM crew is poised to sell more, like a jester with tricks up his sleeve!”
2 hours past, the @MANTRA_Chain DAO’s staked wallet sent forth 38 million $OM ($26.96 million) to the #Binance Cold Wallet.
— Onchain Lens (@OnchainLens) April 14, 2025
Following this splendid debacle, we watched OM’s price tumble from a majestic peak of $6.28 down to the pitiful depths of $0.7192! The crash—a frightful spectacle!—erased more than $5 billion from the market cap. Alas, blame has been hastily placed upon the shoulders of insider sales, as if they were the villains in a Jacobean tragedy.
Oh, and do note, the crafty Mantra team holds dominion over a whopping 90% of the OM token supply. Such power! What could possibly go amiss? The transfer of funds prompted ever-growing suspicions of sneakiness behind closed doors. 🍵
But wait! The CEO jumps to the rescue! 🦸♂️
In response to the calamity, Mantra’s gallant captain, JP Mullin, declared that the tumultuous sell-off was not the result of his team’s nefarious actions. No! He insists, with augmented conviction, that such troubles arose from forced liquidations—an unfortunate byproduct of those dastardly centralized exchanges!
Yet, a chorus of independent sages lament with skepticism! Through the hallowed halls of blockchain wisdom, they uncover that Mantra had sneakily dispatched 3.9 million OM tokens to OKX not long before the storm struck. A sense of déjà vu for our enchanted spectators! 🎩
“MANTRA CHAIN $OM CRASHED 90% IN AN HOUR AND $5.5 BILLION GOT WIPED OUT!
HERE’S HOW AND WHY IT COULD HAVE POSSIBLY HAPPENED! 🧵
IT ALL BEGAN YESTERDAY WHEN A SUSPECT WALLET DEPOSITED 3.9 MILLION OM TOKENS ON OKX!
ALL KNOW IN THE CRYPTO REALM THAT THE OM TEAM…”
— Max Brown (@MaxBrownBTC) April 13, 2025
Alas, once tokens dance their way to centralized exchanges, their movements become as elusive as a shadowy specter at midnight. Independent analysts find themselves adrift, unable to confirm or deny the existence of foul play. Nonetheless, exchanges are poised to investigate, and reports indicate that they are indeed engaged in their sleuthing! 🔍
To add another twist to our merry tale, Binance has sided with the CEO’s tale, suggesting that the commotion stems from cross-exchange mishaps. Meanwhile, OKX raises an eyebrow at “major alterations” to OM’s esteemed tokenomics, invoking intrigue and suspicion upon multiple channels engaging in depositing tokens. A most befuddling spectacle, indeed!
Read More
- Who Is Abby on THE LAST OF US Season 2? (And What Does She Want with Joel)
- DC: Dark Legion The Bleed & Hypertime Tracker Schedule
- DEXE PREDICTION. DEXE cryptocurrency
- Summoners War Tier List – The Best Monsters to Recruit in 2025
- All Hidden Achievements in Atomfall: How to Unlock Every Secret Milestone
- General Hospital Spoilers: Will Willow Lose Custody of Her Children?
- Fact Check: Did Lady Gaga Mock Katy Perry’s Space Trip? X Post Saying ‘I’ve Had Farts Longer Than That’ Sparks Scrutiny
- SDCC 2024: Robert Downey Jr. Confirms MCU Return As Dr Doom In Avengers: Doomsday
- To Be Hero X: Everything You Need To Know About The Upcoming Anime
- Who Is Emily Armstrong? Learn as Linkin Park Announces New Co-Vocalist Along With One Ok Rock’s Colin Brittain as New Drummer
2025-04-14 16:04