Guys, hello! 👋 Today we have a real, proven example of how serious manipulations occur in the market. This is the official statement from the OKX exchange (see the photo). The story with the coin #MANTRA (#OM ) is a real textbook on deception!
1. 🩸 What happened to MANTRA (OM)?
You all saw the fall of OM on 13.04.2025 by 83%, and since then it has continued to drop. This is not just a 'market', it is the result of a conspiracy that OKX revealed:
Collusion and Loans (Point 1): The exchange found evidence that "numerous related and colluding accounts" used large volumes of OM as collateral to borrow huge amounts of USDT. In other words, the whales teamed up!
Artificial Pump (Point 1): With the help of these borrowed funds, they artificially pumped the price of OM.
Refusal to Cooperate (Point 2): The OKX team contacted the owners of these accounts and asked them to stop the abnormal activity. They refused to cooperate!
PRICE COLLAPSE (Point 3): To stop the risk, OKX took control of these accounts. Immediately after that, the price of OM PLUNGED! The exchange liquidated only a small portion, but the drop was so sharp that it led to "significant losses" covered by their OKX Security Fund.
2. 😡 OKX and MANTRA's Reaction
OKX Investigation (Points 4-7): The price crash was caused by over-the-counter trading, safety funds were triggered, and the exchange provided all evidence to regulators and law enforcement.
Token Control (Point 5): OKX notes that "groups of individuals owned and controlled such a significant portion of the token supply."
MANTRA's behavior is "extremely unprofessional": OKX is outraged that the MANTRA team "continues to ignore the facts and publicly accuse OKX," instead of addressing these serious suspicious activities.
🚨 My Advice: Protect your money!
Remember the date 13.04.2025: The 83% drop and subsequent decline are the result of collusion and manipulation, not the market.
Check who holds the coin: As OKX points out, centralization is always a risk that can lead to such a catastrophic crash.
Don't fall for the quick pump: If the coin is rising without obvious reasons, it can often be the result of such manipulations.
The history of MANTRA (OM) is a living example of how whales can collude, pump the price, and then leave you with a depreciated asset. Always be on guard!
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And if you lost money on OM, please share in the comments so that people can see how many lost on this coin❗❗❗
And they didn't even think about buying it❗❗❗
