#mantra #om
đ¨ MANTRA ($OM ) Scandal: Whatâs Really Going On?
The OKX crypto exchange has publicly accused the MANTRA project of manipulating the $OM token, and the situation looks much more serious than just normal volatility.
đ What are the allegations?
According to OKX, several related accounts:
⢠artificially inflated the price of OM,
⢠used the token as collateral for USDT loans,
⢠bought OM, driving up the price,
⢠followed by a sharp collapse due to liquidations.
The exchange claims that it has submitted the materials to regulators and considers this to be deliberate market manipulation.
đĄď¸ MANTRAâs position
The MANTRA team completely denies the accusations and states that:
⢠the project is not involved in pump & dump,
⢠OKX allegedly spread incorrect information regarding the token migration,
⢠the exchangeâs actions could have exacerbated the panic and price collapse.
MANTRAâs CEO even called on users to withdraw OM from OKX, which only added fuel to the fire.
đ Why is the market reacting so painfully?
Even earlier, $OM experienced a catastrophic fall (~90%), which:
⢠undermined investor confidence,
⢠showed a high concentration of tokens,
⢠made the asset extremely vulnerable to manipulation.
The current conflict has only solidified OMâs status as a high-risk asset.
âźď¸What does this mean for holders?
⢠High uncertainty and reputational risks
⢠Exchange â project conflict without a clear culprit
⢠Official statements regarding token migration should be closely monitored
â ď¸Conclusion
MANTRA ($OM) is now not just volatility, but a combination of market shock, allegations of manipulation, and loss of trust.
Until the situation becomes clearer, the risks for investors remain very high.
