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OM coin just went nuclear 💥 MANTRA crashed over 90% in hours on April 13—from $6 to $0.50. Wild, right?
Here's the drama: After 640% pump in a year, suddenly this RWA token got hit by a liquidity crisis. Forced liquidations from exchanges probably triggered the cascade. The team blamed external clearing, but X is full of conspiracy theories about internal dumps from the "Kabal team." They even locked their Telegram, which obviously didn't help restore trust lol.
The red flag nobody talked about before? Market cap was absolutely bloated compared to their TVL ($13M only). Classic pump-and-dump setup in hindsight.
Team says they're investigating. Investors left holding bags though. Lesson: when a project's valuation doesn't match its actual locked value, someone's gonna pay the price.