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Table of Contents
1. The fundamentals of the project are questioned
2. Excessive leverage and market makers’ withdrawal
3. Systemic risks in the industry
4. Community trust crisis
Conclusion
Home web3.0 From high to plummet, what has OM tokens experienced?

From high to plummet, what has OM tokens experienced?

Jul 15, 2025 pm 07:54 PM
binance cryptocurrency exchange Altcoins

The plunge in OM tokens is mainly due to the questioning of project fundamentals, excessive leverage and market makers’ withdrawal, systemic risks in the industry and a crisis of community trust. First, the Mantra Network ecosystem is progressing slowly and the authenticity of the partners is doubtful, which has led to a collapse of investor confidence; second, the increase in OM was driven by a few giant whales, and the market pullback triggered a series of liquidity and a sharp drop in liquidity; second, the US SEC's lawsuit against the RWA project and the Federal Reserve's postponement of interest rate cuts have exacerbated the selling pressure; finally, the project party's abnormal transfer of tokens to the exchange triggered "rug pull" speculation. Although it was explained as "ecological fund allocation", the lack of transparency accelerated retail sell-offs.

From high to plummet, what has OM tokens experienced? - php Chinese

The plunge in OM tokens is a typical case of severe fluctuations in the cryptocurrency market recently. The price crash from a high level is mainly affected by the superposition of multiple factors:

1. The fundamentals of the project are questioned

OM is the native token of Mantra Network, focusing on the RWA (real world asset) track. Although the concept was popular in the first half of 2024 due to the entry of institutions such as BlackRock, the market has gradually discovered that most RWA projects are still at the concept stage. Mantra Network was revealed to be slow in the ecosystem and the authenticity of the partners was doubtful, which led to a collapse in investor confidence.

2. Excessive leverage and market makers’ withdrawal

OM had a short-term surge of more than 300% due to its launch in May due to its Binance and other exchanges, but on-chain data shows that a large amount of increase is driven by a few giant whale addresses through leverage. With the overall market correction in June, market makers' concentrated withdrawal of investment triggered a series of liquidation, and OM liquidity plummeted, with a drop of 65% within 24 hours.

3. Systemic risks in the industry

In mid-June, the US SEC filed a lawsuit against several crypto projects, and the RWA track became the focus of regulation. At the same time, the Federal Reserve's delay in interest rate cuts has led to the sale of high-risk assets, and OM, as a small and medium-sized token, is the first to be hit.

4. Community trust crisis

The project party was found to transfer tokens abnormally at a high price level to the exchange, causing "rug pull" (pull carpet) speculation. Although the team claimed it was an "ecological fund allocation", it failed to provide a clear purpose of the fund, which accelerated retail sell-offs.

Conclusion

The plunge in OM reveals typical risks in the current altcoin market: narrative hype, low liquidity, regulatory uncertainty and signs of team trading. Its case once again reminds investors that in projects that lack substantial product support, high returns are often accompanied by higher risks. Whether the RWA track can recover in the future will depend on whether specific projects can achieve compliant operations on the chain of real assets.

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