The post Mantra’s house of cards: 91% in red, new wallets don’t want in – Will OM survive? appeared on BitcoinEthereumNews.com.

Mantra’s Large Transaction Volume declined 24.34%, pointing to weakening institutional participation amid the sell-off. 91% of OM holders remain at a loss, while short positions build near $0.25. Mantra [OM] dropped by over 12% in a single day to trade at $0.2516, deepening a decline that began in early April and wiping out months of gains.  In fact, OM’s fall from above $8 has shown no meaningful recovery. Price now consolidates within a tight range, with low volume and momentum. Despite this prolonged downtrend, indicators like the Parabolic SAR and Stochastic RSI still show no clear bullish signal. Can the token survive this brutal correction, or is more downside inevitable?  Source: TradingView Can retail keep up with the pace? Over the past 30 days, whale addresses increased their holdings by 2%, showing strong conviction despite price weakness.  Meanwhile, retail and mid-tier investors have pulled back, with their holdings dropping 7.56% and 4.33%, respectively.  This concentration suggests rising centralization. While it may reduce volatility, it also sidelines broader community engagement, making recovery less likely. On-chain data confirmed this weakness. Large Transaction Volume dropped 24.34%, indicating waning interest from big players just when support was most needed. Source: IntoTheBlock When large transactions decline during a price drop, it often implies weakening confidence among deep-pocketed players.  Why are new addresses rising? Oddly enough, New Addresses grew by 18.6% last week. But that optimism faded quickly—Active Addresses increased only 0.44%. This gap revealed a deeper issue: low engagement. Many new wallets appeared idle or speculative. On top of that, Zero-Balance Addresses dropped 17%, hinting that older users may have left the ecosystem entirely. Source: IntoTheBlock 91% of OM holders trapped: Can they wait it out? An alarming 91.91% of OM holders remain ‘Out of the Money’. This overwhelming underwater majority could trigger sell-offs if the…

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Filed under: News - @ June 13, 2025 11:21 pm