저자: AltcoinHero · 외국인
요약 보기
MANTRA(OM) 토큰이 약 85% 급락(약 $6→$0.91)한 원인을 분석. 투자 파트너 Laser Digital이 약 4,166만 달러 규모 토큰을 OKX로 이체·매도한 것이 공포와 강제청산을 촉발했다고 주장. 팀은 펀더멘털 이상 없다고 해명. 실물자산(RWA) 토큰화 시장은 약 210억 달러로 여전히 성장 중이라고 평가. 비트코인은 약 8.3만 달러에서 저항선 돌파 시 상승을 예상하며, 금 상승 흐름을 따라갈 수 있다고 언급.
다듬은 글
Hello everyone. Welcome back to another video on the channel. We have Mantra, one of the largest real world asset cryptocurrencies that just fell about 85% going from about $6 down to $0.91 from a $6 billion market cap to under $1 billion. And so we saw a massive sell-off here. And so I want to talk about what exactly happened and what to look out for.
And so before we get into the details, Larry Fink mentioned this is the one problem with tokenizing assets. And so he's very bullish on the tokenization of many different assets. However, he mentions that we have to solve one problem and that is cybersecurity risks, digital verification. Right? And so this is a risk with bringing all of the assets on chain and tokenizing billions and trillions of dollars of assets.
And so with Mantra being one of the leaders in real world assets, you would not expect to see this massive sell-off in the cryptocurrency. However, we just saw that happen going down about 85%. And so if we go ahead and take a look at the chart here, we can see this went down from about $6 to currently just above $1 right now.
And so this started with a large token deposit that hit OKX from one of their investors. Now, they moved tokens from a cold wallet to an exchange. And then often time creates a lot of fear and uncertainty, right? People are unsure what they're going to do with those tokens. If they're moving them to an exchange, there is a high chance that they could be selling.
And so OMI also made private deals with investors offering tokens at huge discounts, right? And often times when that is done, people may start selling those tokens eventually. And so the price dropped here significantly. We can see it's down about 85%, right? Panic started kicking in once we started to see the sale of those 41 million tokens.
Now, $41 million versus the $6 billion market cap is not significant. However, if that is all sold at once, right? And people are becoming fearful that the team is starting to sell tokens, we'll start seeing a lot of other people selling. We'll see stop losses being triggered. We'll see leverage positions starting to get liquidated.
And we can see then, we saw a massive collapse here in the markets for Mantra. And so, let's go ahead and take a look at that here. We can see now, the Mantra community has provided an update that they will assure you that Mantra is fundamentally strong. Today's activity was triggered by reckless liquidations, not anything to do with the project.
One thing we want to be clear on is this was not their team. We are looking into it and we'll share more details about what happened as soon as we can. And so, if we go ahead and take a look at this here, this was from April 7th that they mentioned that they have a lot of investment partners. Now, one of those investment partners here was Laser Digital.
If we go ahead and take a look at this wallet here, we can see that 2 days ago, Laser Digital here transferred $41.66 million over to OKX. And so, a lot of people saw this transaction here and started to become fearful that they could be selling. Now, we saw the sale of the tokens of the $41 million today on OKX, which created the free fall of the OM token.
We also have this from the founder as well. Now, he mentions that the Telegram was not deleted. The team's tokens are remaining custody. We're going to be taking a look at that in a minute. They're also actively figuring out why these massive forced forced liquidations occurred and will provide more information.
They are here and not going anywhere. And so, we have not gotten an official update from the team on an exactly what happened. However, it looks like Laser Digital dumped $41 million of tokens and that started to create a lot of fear and uncertainty. That triggered a lot of liquidations dropping down the price under $1.
And so, as Larry Fink mentioned, right? That is something that is a risk with tokenizing assets. Is the cybersecurity risk. Whether this was a hack or a sale of tokens internally from the team or an investor company, right? Possibly Laser Digital that sold $41 million. The real-world asset tokenization sector is still growing though, right?
Mantra was one of the largest RWA tokens with a $6 billion market cap. However, we can see here real-world on-chain real-world assets on-chain is reaching about $21 billion right now. We're still seeing significant growth here. Especially as Larry Fink continues to mention tokenization of assets. Now, this is not going to happen overnight.
However, real-world assets and tokenization and blockchain technology does make sense. However, we have to figure out what makes sense from a cybersecurity aspect, right? What is going to avoid these type of things happening, right? All these transactions can be tracked and are traceable and so I'm sure the team is going to come to a conclusion and find out exactly what happened.
And so, investing in the cryptocurrencies has a lot of risk, right? Whether they are a $10 million project or a $50 million project, right? There is potential that the token could be rug pulled, it could be hacked, right? Investors could be selling the tokens. And so, it's definitely something to keep in mind.
If we take a look at the bigger picture here, if we take a look at Bitcoin currently at $83,000, we can see they were right at this resistance line. Now, once we do break above this, we have been consolidating since January. I am expecting a push higher here for Bitcoin. We currently have this massive resistance line from the previous peaks of the 2017, 2021, and 2025 cycle here.
And we can see that will be the resistance level right around $110,000. And then we can see we have been holding support here since September of 2023. We also have a trend line there as well. And so we did hold that so far right around $74,000. This is definitely something to be paying attention to.
Now, if we compare this to gold here, we can see gold is continuing to drive higher. And typically Bitcoin follows gold. And so I I do think that once we break above this resistance line here for Bitcoin, we could start following gold here as we push higher. And so if you enjoyed this video, do me a favor and hit the like button and let me know your thoughts underneath the video in the comment section what you think happened with the OM token. Thanks for watching. Hope to see you in the next video.
Comments 0