Close Menu
Cryprovideos
    What's Hot

    Ethereum Treasury Information: SharpLink (SBET) to Begin $1.5B Inventory Buyback Program

    August 24, 2025

    XRP Value Prediction: Analyst Sees $7–$8 Goal in Coming Weeks

    August 24, 2025

    Analyst Says Dogecoin Worth Is Coming into Growth Section – Right here’s What It Means

    August 24, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Whispers Of Insider Promoting As Mantra DAO Relocates Practically $27 Million In OM To Binance
    Whispers Of Insider Promoting As Mantra DAO Relocates Practically  Million In OM To Binance
    Crypto News

    Whispers Of Insider Promoting As Mantra DAO Relocates Practically $27 Million In OM To Binance

    By Crypto EditorApril 16, 2025No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Whispers Of Insider Promoting As Mantra DAO Relocates Practically $27 Million In OM To Binance

    Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure

    The cryptocurrency mission Mantra is coming beneath growing suspicion after its OM token shed 90% of its worth inside a single day. The worth dropped from $6.27 to solely $0.72, erasing greater than $5 billion in market worth. What transpired subsequent solely served to worsen the state of affairs.

    Based mostly on blockchain information, Mantra DAO—the mission’s behind-the-scenes group—despatched $26.95 million of OM tokens to a Binance pockets on Monday, April 14. That is simply after the value’s huge dump, which triggered purple flags amongst observers.

    Detractors cite a disturbing truth: the Mantra workforce owns round 90% of all OM tokens. The excessive focus of possession and timing of the alternate transfers have fueled accusations of potential insider promoting.

    With 90% already dumped in $OM, it looks as if the $OM workforce is about to promote extra.

    2 hours in the past, the @MANTRA_Chain DAO staked pockets despatched 38M $OM ($26.96M) to #Binance Chilly Pockets.https://t.co/nSttgmuqzg pic.twitter.com/Vsc2q346fC

    — Onchain Lens (@OnchainLens) April 14, 2025

    Mantra CEO Denies Token Dumping Accusations

    Mantra chief government JP Mullin has rebutted such allegations. He mentioned the workforce and buyers didn’t dump their holdings in the course of the crash.

    As an alternative, Mullin attributed the value decline to “compelled liquidations” instigated by cryptocurrency exchanges. Such liquidations happen when exchanges promote merchants’ holdings routinely after they’re unable to cowl margin calls.

    However his account is to not everybody’s liking. Numerous impartial analysts have monitored suspicious token transfers that time to a special narrative.

    OM value has sustained a steep drop within the final week. Supply: CoinMarketCap

    On-Chain Detective Work Reveals Suspicious Transfers

    Crypto analyst Max Brown discovered that Mantra transferred almost 4 million OM tokens to cryptocurrency alternate OKX shortly earlier than costs started to say no.

    The issue for investigators is that when tokens are moved to centralized exchanges like Binance or OKX, they develop into way more difficult to hint. That is primarily a blind spot the place the tokens will be disposed of whereas abandoning no clear path on public blockchains.

    MANTRA CHAIN $OM CRASHED 90% IN AN HOUR AND $5.5 BILLION GOT WIPED OUT.

    HERE’S HOW AND WHY IT COULD HAVE POSSIBLY HAPPENED 🧵

    IT ALL STARTED YESTERDAY WHEN A POSSIBLE $OM TEAM WALLET DEPOSITED 3.9 MILLION OM TOKENS ON OKX.

    IT WAS WELL KNOWN IN THE CRYPTO SPACE THAT OM TEAM… pic.twitter.com/9ZQNw4Yrla

    — Max Brown (@MaxBrownBTC) April 13, 2025

    Whereas analysts can’t show it for a incontrovertible fact that insiders offered off tokens, the gradient of actions into exchanges simply forward of the value tumble definitely provides room for critical doubt.

    Exchanges Present Various Account Of The Crash

    Main cryptocurrency exchanges launched investigations as to what triggered the spectacular fall of the OM token.

    Binance, the biggest crypto alternate by way of buying and selling quantity, corroborates Mullin’s account. In early findings, they point out cross-exchange liquidations probably triggered the crash, which might help the CEO’s rationalization.

    MANTRA is now buying and selling at $0.61. Chart: TradingView

    OKX paints a special image. The alternate cited “main adjustments” in OM’s tokenomics as a potential trigger. In addition they famous that a number of blockchain addresses had despatched massive portions of tokens to exchanges in the course of the time of the crash.

    The contradicting accounts by numerous gamers available in the market have left buyers unsure about what truly transpired. With $5 billion of market worth misplaced and no certainty, confidence within the mission has been severely undermined.

    Featured picture from Blueberry Markets, chart from TradingView

    Whispers Of Insider Promoting As Mantra DAO Relocates Practically $27 Million In OM To Binance

    Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent overview by our workforce of high know-how consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Binance Coin (BNB) Worth Prediction for August 23 – U.As we speak

    August 24, 2025

    Rising Fed fee chatter could also be a crimson flag for crypto: Santiment

    August 24, 2025

    Whereas CFTC Awaits New Chairman, Performing Chief Pham Will get Rolling on Crypto

    August 24, 2025

    Greatest Crypto to Purchase Now as Market Rises Liquidating $500 Million in Shorts – CryptoDnes EN

    August 24, 2025
    Latest Posts

    Bitcoin (BTC) Worth Prediction for August 23 – U.As we speak

    August 24, 2025

    BTC Worth Prediction: Bitcoin Eyes $124,500 Goal as Key $112K Assist Holds Via September

    August 24, 2025

    Bitcoin ETFs Shed $1 Billion in 5 Days Amid Ethereum Comeback – Decrypt

    August 23, 2025

    Bitcoin Information At the moment: Ether (ETH) More likely to High $5K, BTC Eyes Document Excessive as Powell Sparks Rally; Look ahead to DAT Deal Dangers: Asset Managers

    August 23, 2025

    Ethereum’s Tech Edge May Outshine Bitcoin — Right here's How | Bitcoinist.com

    August 23, 2025

    Bitcoin and Ethereum Surge as Merchants Eye Vital Resistance Zones

    August 23, 2025

    Ethereum, Bitcoin Spike After Powell Alerts Curiosity Fee Lower – Decrypt

    August 23, 2025

    BTC climbed to 1.7% of world cash earlier than Fed chair signaled price minimize

    August 23, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Greatest Crypto Presale: Why Maxi Doge is Being Referred to as the New Dogecoin

    August 11, 2025

    Ether ETFs smash data as crypto merchandise see $3.75B inflows

    August 18, 2025

    Pippin Worth Prediction: AI Agent PIPPIN Pumps 102% As Consultants Say This Solana Layer 2 ICO Would possibly Be The Greatest Crypto To Purchase Now

    January 12, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.