Blockchain analytics platforms Arkham and Lookonchain identified 17 wallets that moved over 43 million OM to exchanges in the days leading up to the April 13, 2025 OM token collapse, raising accusations of coordinated selling.

Quotes that support claims

Blockchain analysts have identified large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token.

Lookonchain says at least 17 wallets deposited 43.6 million OM into crypto exchanges starting April 7, representing 4.5% of the circulating supply.