Following a dramatic 90% plunge, the OM token has experienced a remarkable rebound of over 200%, drawing comparisons to Terra LUNA’s 2022 collapse. While this surge offers temporary relief for investors, analysts warn that Mantra DAO’s situation may mirror the infamous crypto crash. Co-founder JP Mullin’s public assurances have done little to quell skepticism, and vocal analysts like AltcoinGordon and Ed have raised concerns about the token’s potential manipulation. The accusations allege that the team behind OM transferred a significant portion of the tokens to centralized exchanges before the crash, triggering a margin call and subsequent collapse. Adding fuel to these flames is Mantra DAO’s controversial tokenomics update from October 2024. This move doubled OM’s total supply from 888 million to 1.77 billion, introducing an uncapped, inflationary model with an 8% annual inflation rate. Experts suggest this factor could exacerbate the volatility, leaving the market vulnerable to a further crash. Chart analysts warn that despite its recent rebound, OM is facing resistance at key levels such as its 50-week EMA and 200-week EMA, while RSI indicates a potential for further downside movement. With details about the exchange’s involvement and the team’s true intentions expected in the coming days, the future of OM remains uncertain. Whether Mantra DAO faces a LUNA-style unraveling or just a temporary market correction remains to be seen.