Mantra investors cashed out before OM token crashed 90%

Mantra investors cashed out before OM token crashed 90% — Blockchain data

Blockchain analysts have identified large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM - $0.611694745201983 token, raising questions about insider activity and the stability of the project.Laser Digital, a strategic Mantra investor, reportedly cashed out large portions of Mantra OM - $0.611694745201983 tokens before the cryptocurrency collapsed on April 13, onchain data suggests. At least two wallets linked to Laser Digital were among 17 wallets that moved a combined 43.6 million OM - $0.611694745201983 tokens — worth about $227 million at the time — to exchanges before the crash, according to blockchain analytics platform Lookonchain, citing Arkham Intelligence data.

Source: cointelegraph.com

Related symbols: OMUSD

2025-04-14 11:44:04 GMT.

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Price & Market Data

Price: $0.611694745201983

Volume 24h: $281,888,086.92

Market Cap: $589,301,466.89

Description

MANTRA (OM) is a cryptocurrency and operates on the Ethereum platform. MANTRA has a current supply of 1,816,890,208.41 with 963,391,416.2500001 in circulation. The last known price of MANTRA is 0.61000821 USD and is down -10.61 over the last 24 hours. It is currently trading on 295 active market(s) with $285,421,181.90 traded over the last 24 hours. More information can be found at https://www.mantrachain.io.