According to Mihir (@RhythmicAnalyst), the OM token experienced a dramatic 95% decline within 24 hours. Despite this sharp drop, the token has found a critical support level, suggesting a potential stabilization point for traders. This significant move highlights the importance of monitoring support levels in volatile crypto markets.

According to AltcoinGordon, the number of $OM token holders has seen a significant increase today, suggesting a growing interest in this cryptocurrency amidst current market fluctuations. This trend provides traders with potential opportunities for strategic investments, as the rise in holders could indicate increased liquidity and interest in the $OM market. [Source: Twitter/AltcoinGordon]

According to @zachxbt, Denko, the founder of Reef Finance, and Fukogoryushu are allegedly linked to the Mantra OM incident, as they reportedly sought massive loans against OM tokens prior to the token's 90% price crash. This development has critical implications for traders monitoring the stability and governance of the Reef Finance and Mantra DAO ecosystems.

According to @arkham, the recent $OM crash involved 17 addresses depositing 43.6 million OM tokens into exchanges, with two addresses linked to Laser Digital, a strategic investor in Mantra. This movement suggests strategic selling activity preceding the crash, which could impact $OM's market perception and trading strategies.

According to PeckShieldAlert, MANTRA's OM token experienced a dramatic 90% drop in value, resulting in $67.91 million in liquidations over the past 24 hours. This significant market movement highlights substantial risk exposure for traders and may impact future trading strategies. [Source: PeckShieldAlert]

According to @OnchainDataNerd, the price of $OM plummeted 90% from $6 to $0.4 within 6 hours. In the last three days, 24.4 million $OM tokens, valued at $143.94 million, were deposited into OKX from five wallets. Notably, four of these wallets previously withdrew tokens from Binance and subsequently transferred them to OKX, while the fifth wallet is linked to Laser Digital. This significant movement of tokens could indicate strategic shifts in trading positions or preparation for market maneuvers, which traders should closely monitor.

According to @AltcoinGordon, the recent $OM token dump may be due to an exploit or hack. This information is awaiting confirmation from the Mantra team, which could impact trading strategies as traders need to adjust their positions based on the potential vulnerability exposure. Investors should stay updated for official statements to reassess risk profiles.

According to @AltcoinGordon, just three hours before the $OM token experienced a rug pull, a tweet was made that has now become infamous. This event highlights the importance of due diligence and risk management for traders in the cryptocurrency market. Traders are advised to closely monitor social media signals and perform thorough research before making investment decisions. Such incidents underline the volatility and unpredictability of the crypto space, emphasizing the need for caution and preparedness.

According to AltcoinGordon, the Mantra team allegedly held a substantial amount of $OM and market sold it, which could lead to a severe decline in the token's value. This event has sparked concerns of a potential rug pull similar to LUNA or FTX. Traders should closely monitor the situation as the team has yet to address these allegations, which could significantly impact $OM's market trajectory.

According to Ai 姨, a wallet has transferred an additional 2 million OM tokens to Binance, with a total transfer of 5 million OM worth $37.75 million in the past 8 hours. This activity raises questions about the liquidity capacity of the Binance OM spot market, which recorded a 24-hour trading volume of $85.37 million.

According to Ai 姨 (@ai_9684xtpa), Manifold Trading is suspected of reducing its position in 3 million OM tokens acquired at $0.04 in November 2023. If sold, this could result in a profit of $22.7 million. The OM token is experiencing a surge reminiscent of last November's boom, and Manifold Trading's cumulative profit per OM token has exceeded $50.57 million.

According to Ai 姨, the smart money address 0x177...4fe76, which held $OM tokens for over a year, has reportedly reduced its position by 8.71 million tokens, realizing a profit of $61.23 million. The address initially withdrew 23.83 million tokens from Binance at an average price of $0.2261 on January 3, 2024, and moved 11.53 million tokens to a new address 11 months ago. The address became active nine hours ago, partially transferring tokens back to an exchange as OM experienced a sharp 24-hour price increase.