Mantra $OM Welcome to crypto! Why did this happen?

OM just embarrassed the entire RWA space.

90% wiped. Billions gone. All in under an hour.
This wasn’t random — it was coming.
The OM disaster explained

It started with one wallet.

A massive deposit of 3.9 million OM hit OKX.
That alone raised eyebrows — but when people realized who it belonged to, things got serious.
The wallet was reportedly linked to the team.
And here’s the kicker:
The OM team controls around 90% of the total token supply.
Team OM pumped price last year
When they move tokens, people notice — and for good reason.

This wasn’t the first red flag.

The OM community had already been losing trust:
– Quiet changes to tokenomics
– Delayed airdrops
– Alleged price manipulation via market makers

It was all bubbling under the surface.

So when the OKX deposit happened… panic set in.

The market saw it as the beginning of a dump.
And they were right.

Selling pressure started building — fast.

But things spiraled because of one more thing: OTC deals.

There were rumors the team made private token deals at huge discounts —
Some investors reportedly got in at 50% off or more.

That created a perfect storm.

Once OM dropped below those discounted prices, OTC buyers started cutting losses.
Retail followed. Fear kicked in.

Everyone was racing for the exit.

The chain reaction was brutal.

– Sell-offs
– Stop-losses triggered
– Leverage liquidations
– Liquidity vanished
All in under 60 minutes.

The market collapsed.

Over 66B in value gone.

It wasn’t just a price crash — it was a full ecosystem wipeout.
And the worst part?

Most holders had no idea it was coming.

If you’re in crypto, let this be a lesson.

⚠️ Be cautious with tokens where:
– A few wallets control the supply
– Promises get delayed
– The price feels “too stable”
– The team lacks transparency

DYOR isn’t optional anymore.

Final thoughts:

The RWA sector is one of crypto’s most promising narratives.
But events like this?

They damage credibility across the board.

This wasn’t just a rug. It was a trust collapse.
#RWA deserves better.

Thank you, Real World Asset Watchlist

Best regards EXCAVO