
Mantra (OM), once a rising player in the decentralized finance (DeFi) domain, is now grappling with one of its most turbulent phases yet. The token has slid below the $0.50 threshold following a dramatic sell-off by a major holder, raising alarms across the crypto community.
This move, which involved a whale dumping 2 million OM onto Binance—worth approximately $871,000—has sent shockwaves through the market. More concerning, the transaction resulted in a realized loss of over $25 million, making it one of the most severe whale capitulations in recent times.
The same wallet, just six weeks ago, had pulled 4 million OM valued at over $27 million before this chunk liquidation. Such high-volume exits often trigger panic among retail traders and contribute to downward spirals in price action.
At the time of writing, OM is trading at $0.4152, down nearly 5% in the past 24 hours. This marks a staggering drop from its recent highs above $6. The price collapse accelerated after OM broke down from a descending channel pattern, confirming bearish continuation. The sharp decline has also formed a significant price wick—typically associated with liquidation events and emotional selling, both of which signal potential market capitulation.
Technical indicators paint a grim picture. The Relative Strength Index (RSI) is languishing at around 17, a level deeply rooted in oversold territory. While this suggests that OM may be approaching exhaustion, the absence of positive momentum or bullish catalysts limits recovery hopes. On a slightly brighter note, the MACD histogram has begun to turn positive, hinting that selling pressure may be slowing—but not yet reversing.
From a fundamental standpoint, things don’
免責事項:info@kdj.com
提供される情報は取引に関するアドバイスではありません。 kdj.com は、この記事で提供される情報に基づいて行われた投資に対して一切の責任を負いません。暗号通貨は変動性が高いため、十分な調査を行った上で慎重に投資することを強くお勧めします。
このウェブサイトで使用されているコンテンツが著作権を侵害していると思われる場合は、直ちに当社 (info@kdj.com) までご連絡ください。速やかに削除させていただきます。