OM Token Crash Explained: A Look at the $6B Swings, Panic Selling, and Questions About Transparency

The Mantra (OM) token experienced a dramatic plunge of over 90%, dropping from nearly $6 to just $0.50 in a matter of hours. This sudden and significant sell-off wiped out billions in market value and triggered panic across the crypto community. While many investors are left scrambling for answers, new data and statements from the team are slowly revealing what happened. 38 million OM tokens were moved to centralized exchanges after the crash already occurred, suggesting that this was a reaction driven by fear rather than insider actions.