{"id":643942,"date":"2025-04-15T10:06:26","date_gmt":"2025-04-15T10:06:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=643942"},"modified":"2025-04-15T10:06:26","modified_gmt":"2025-04-15T10:06:26","slug":"mantra-price-prediction-om-plunges-23-on-insider-trading-claims-as-investors-buy-this-btc-derivative-offering-free-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/mantra-price-prediction-om-plunges-23-on-insider-trading-claims-as-investors-buy-this-btc-derivative-offering-free-bitcoin","title":{"rendered":"MANTRA Price Prediction: OM Plunges 23% On Insider Trading Claims As Investors Buy This BTC Derivative Offering Free Bitcoin"},"content":{"rendered":"
The MANTRA price has plunged 23% in the last 24 hours to trade at $0.6187 as of 3:30 a.m. EST on a 52% drop in trading volume to $52 billion.<\/p>\n
The recent collapse of the OM price is being attributed to the centralized control of the project’s supply. Reports suggest the Mantra team held up to 90% of the token’s circulation, making the market vulnerable to large-scale sell-offs.<\/p>\n
The crisis began when 17 wallets moved over 43 million OM tokens, worth $227 million, to exchanges, overwhelming liquidity and triggering $67 million in forced liquidations within just 12 hours.<\/p>\n
\nWho dropped the price of $OM<\/a>?<\/p>\n
Before the $OM<\/a> crash(since Apr 7), at least 17 wallets deposited 43.6M $OM<\/a>($227M at the time) into exchanges, 4.5% of the circulating supply.<\/p>\n
According to Arkham’s tag, 2 of these addresses are linked to Laser Digital.<\/p>\n
Laser Digital is a strategic… pic.twitter.com\/zB8yAPRPSO<\/a><\/p>\n
— Lookonchain (@lookonchain) April 14, 2025<\/a><\/p><\/blockquote>\n