The context: Mantra’s native token (OM) collapsed at the end of last weekend, with many accused but only one culprit. This incident highlights the fragility of many cryptocurrencies, OM by paying the price at the forefront. Despite an apparently enormous and billionaire market capitalization, a rather low amount of liquidity has triggered a complete collapse. Back on the OM crash when the Mantra OM token collapsed earlier this week, many questions unfortunately remained unanswered. The hypotheses have multiplied, with allegations against the project team or initiate crimes. According to yet another analysis, the initial disorder worker who would have caused the fall of Mantra’s play would be a single trader: “This would be due to an entity on the Binance perpetual market. It was this movement that sparked the whole waterfall. The initial fall under the $ 5 was caused by a short position of approximately $ 1 million which was sold on the market. This caused more than 5 % microsecond sliding. It would be the trigger. It seems intentional to me. They knew what they were doing, “he said. After having triggered this initial anomaly, this OM trader continued to liquidate short positions at five -second intervals, which fueled the global collapse. While these liquidations continued on Binance, the OKX SPOT market saw a drop of almost 20 %. Trading anomalies OM. Source: TraderView2 A seller who separates “only a bite of bread” This strange behavior on OKX was caused by a crypto whale well supplied in chips. A limit of sale limit allowed the seller to indicate a minimum sale price to which to separate from the token concerned. The order having to execute when the limit price is reached or exceeded. Until then, the order remains open in the order book. This person has maintained the fixed price on OKX for more than a minute, encouraging market content and arbitration bots to buy OM despite panic sales over the entire market. In this way, the interested party was able to liquidate his tokens while the collapse took place. Finally, the problem is not only the fall of OM by the fault of a malicious actor except that only one entity could manipulate the market and cause its collapse. For an attack of this type to work, OM’s apparent market capitalization had to be much more fragile than expected. Many people Hesitating about Same Coins Reaching Billions, or Even the $ 100b Dream Target.1) People Have Forgotten Than Majority of Retail, Even with Good Degrees and High IQ, Think That A $ 0.00001 Token is cheaper that is $ 0.10. They don’t understand market cap.2)… – Lynk (@lynk0x) April 16, 2025 in other words, even if OM market capitalization was theoretically very high (more than 6 billion dollars), it was enough for a relatively low drop to cause the collapse of one of the cryptos Rwa Reference of the Crypto market. Some analysts even speculated that this trader did not even seek to cause a crisis. Morality of history: there are some who make dumplings by doing it on purpose and others, do so inadvertently. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, BEINCRYPTO undertakes to provide impartial and transparent information. This article aims to provide exact and relevant information. However, we invite readers to verify the facts of their own and consult a professional before making a decision on the basis of this content.
