🧵 Web3 Daily Post — April 14, 2025 ⚠️ Mantra (OM) Flash-Crashes from $7 to $0.4 | What Just Happened?
In a shocking move, OM (Mantra) dropped from $7 to as low as $0.4 within 3 hours, before recovering back near $1. The massive wick has left traders stunned.
📉 Possible reasons behind the flash crash:
Low liquidity on some exchanges, allowing large sell orders to crush the order book.
Bot activity or fat-finger trades triggering cascades of stop-losses.
Speculative bubble effect after OM’s parabolic run — it had gained over 500% in the past month.
Potential manipulation or internal sell-offs, though no on-chain proof has emerged yet.
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