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MANTRA OF MISFORTUNE
Wednesday, 16th April 2025
They say to find enlightenment, all you need is the right mantra. In crypto, mantras take a different form – chanted not for inner peace, but for lambos and moon shots.
Between April 13th and 14th, 2025, the OM token crashed over 90%, vaporizing $5 billion faster than morning dew under a desert sun.
A project once strutting as the poster child of regulated RWA tokenization now flailed in a toxic brew of blockchain receipts, insider wallet movements, and furious denials.
Just days earlier, champagne flowed at Paris's Shangri-La hotel as Mantra and Coin Telegraph celebrated together. Now blood flowed in the streets.
Like the ancient monkey keeper in Zhuangzi and the Parable of the Monkeys - who pacified his monkeys by simply reshuffling when they'd receive their nuts - without ever giving them more.
Mantra’s monkeys were about to learn that the magic isn’t in the promise, but in who gets to control the distribution.
In a game where insiders deal the nuts, does it matter what you're promised - if you're always the one left holding the empty bag?