Experts named the cause of the mantra token collapse

• The owners’ group of approximately 90% of the total supply of Mantra tokens manipulated the asset at the cost of the asset, experts are confident.
• OM price collapse by ~ 90% was the result of a plot breach by one of the insiders.
• The project will publicly disclose the event after checking it.

The Mantra Rwa Project has collapsed due to insiders’ manipulations that control more than 90% of the offer. This conclusion was reached by Oddeyeresearch researchers.

1/ the @mantra_chain Foundation Asserts that It Was Completely Unrelated to the Recent Sell-Off of $ OM Tokens, Yet We Suspect Them of Engaging in a Market Manipulatory Collusion, and ‘BETRAYAL’ by A GROUP MEMBER.

Here’s Our Investigation. pic.twitter.com/2bt35n30i6

– Oddeyeresearch (@oddeyeresearch) April 15, 2025

On April 13, the price of OM in a short time fell by ~ 90%, the market capitalization of the coin fell by $ 5.5 billion.

Market manipulations were not planned? However, Oddeyeresearch believes that the collapse caused a “small betrayal” by a participant in a group who manipulates the asset.

“Onchin-docase and circumstances indicate that the group, including the Mantra Foundation, was involved in the Pump & Dump Token. The dump seems to have become partially inadvertently, as rumors circulate about the forced closure of positions in OM, ”the experts said.

In their view, the sequence of actions was as follows:

• The Mantra Foundation has planned to release a new Aum token by giving up OM;
• Some third party advised the team to save the existing coin, since the likelihood of getting a new asset into Binance listing is much lower than the chances of “closing” the one that is already trading on the platform;
• The Mantra team agreed and started raising the price of token on the exchange using the resources provided;
• During 2023, the project increased the OM proposal on CEX, constantly adding tokane liquidity on Binance through GSR and DWF Labs MarketMakers. The growth of quotations was initially promoted by the effect of a low base;
• In December 2023, the FDV asset of $ 20 million to $ 100 million, the OM Exchange Stock Stock Exchange decreased by 20%. Unknown addresses and wallets Mantra Foundation with the same pattern brought coins from Binance and returned back a few months;
• The same situation happened during the February Pumpual 2024 – after withdrawal of approximately 25% of the OM volume from the exchanges, the market capitalization of token took off from $ 200 million to $ 1 billion.

“We believe that the recent OM collapse happened because a member of the Mantra group has violated the conspiracy and resorted to unilateral actions in the market, whether voluntarily or coercive. We know that the lender forced some organization to eliminate the security in OM. It can be the participant of the Alliance, which was discussed, ”Oddeyeresearch analysts said.

They emphasized that it would be extremely difficult to restore the “former balance” because of the loss of trust between insiders. In fact, in this case, we face the classic prisoner, added experts.

“Market manipulation is a crime,” the results of their investigation commented CEO Cryptoquant Ki Ju.

Thought: The conspiracy between crypto -projections and marketmakers creates problems for the industry

Users on social networks paid attention to large OM deposits on the exchange in April. Of the 17 wallets, 43.6 million tokens ($ 227 million at the time) were transferred, which amounted to 4.5% of the proposal. According to Arkham, two addresses were linked to Laser Digital, a Mantra strategic investor.

Who crashed $ om?

Since April 7, at Least 17 Walletts Have Sent 43.6M $ OM to Exchanges – That’s 4.5% of the Circulating Supple, Worth $ 227M at the Time.

According to arkham, 2 of Those walletts are linked to laser digital, a strategic Investor in the Mantra Project Pic.twitter.com/2Dayavxnr66

– Crypto Live (@Art_FX0) April 14, 2025

After the OM collapse, the OKX exchange added to the page of the asset a warning of increased volatility and risks. The platform team drew attention to the following circumstances:

• In October 2024, Mantra made “serious changes” in tokenomics;
• Since March 2025, a potentially coordinated activity has been observed to enter various CEX deposits and withdraw funds.

We noticed unusual volatility in $ om around 2 am hkt.

To Mitigate Trading Risks, We’ve Updated Our Risk Controls and Added a Risk Warning to the $ OM Trading Pages.

Please Exercise Caution and Dyor.https: //t.co/6GBUHVWWCA PIC.TWITTER.com/3Ojvmcnzqf

– Okx (@okx) April 14, 2025

The co -founder and CEO Mantra John Patrick Mallin, after collapse, assured Om in his non -involvement of this team or investors of the project. He stated that the movement of the token price caused the “reckless compulsory liquidation” initiated by exchanges.

The entrepreneur promised to submit a detailed report on what happened in the near future. He also thanked the Mantra’s early investors like SHOROOQ and Laser Digital.

1) A quick Note to say how how and appreciate all the Support the Mantra Team have have recen in the past 36+ hours. The Support and Kind Words Have Come from Many Sources – from Partners, Investors, Friends, and from The Wider Web3 Community. Thank you.

– JP Mullin (🕉, 🏘️) (@jp_mullin888) April 15, 2025

“We will do everything in our power to convey accurate, timely and proven information as soon as it appears. We very seriously perceive responsibility to the community. You will immediately learn the same thing as we are, ”Mallin wrote.

To restore confidence in the market, the project intends to launch the token and reverse redemption programs, the Mantra head added.

Recall March 30, Defi-Protocol Sir.trading on Ethereum, also known as Synthetics Implemented Right, has lost $ 355,000 in its TVL as a result of hacking.

The gun