Real World Assets, or RWA, were once seen as a big deal in the crypto market because they had the potential to bring fresh value to lots of different assets, like securities and commodities. Plenty of big players are trying out asset tokenization and getting good vibes back. The sheer size of assets that could be tokenized gives us confidence that the RWA trend could really lead the altcoin season this cycle.
Just a few weeks back, OM was the talk of the town in RWA, having jumped over 500 times from 0.0175 USD to 9.11 USD. It kind of reminded us of how well SOL and AXS did back in 2021. This even got me excited to jump into the RWA trend [1] and get ready to invest in a few other tokens like PENDLE and RSR as soon as the market bounces back and grows when this trade war gets sorted out.
Sadly, things didn't go exactly as planned. It looks like all the hype around OM made us forget to really check out how safe this project was. KOLs were chatting about profits instead of digging into the tokenomics or business models, so we were totally caught off guard by the OM price crash and the accusations against the team [2].
I don't have the tech smarts to really judge how reliable and accurate those accusations and responses are. Even their plan to burn tokens doesn't make me feel any better about OM specifically, or the RWA trend in general. I always try my best to steer clear of risks and uncertainties to keep my capital and profits safe in this market. Lots of folks have been thinking about OM making a big comeback soon, maybe even hitting a new ATH, but I'm just not sure if that's gonna happen. Honestly, I'd rather buy DOGE or PEPE than put my capital and trust in a shaky project right now.
I would like to know your opinion on this issue:
References:
1. coingecko: Top Real World Assets (RWA) Coins by Market Cap
2. Mantra’s OM Crashes 90% in Bizarre Sell-Off as Team Alleges 'Forced Liquidations'
Just a few weeks back, OM was the talk of the town in RWA, having jumped over 500 times from 0.0175 USD to 9.11 USD. It kind of reminded us of how well SOL and AXS did back in 2021. This even got me excited to jump into the RWA trend [1] and get ready to invest in a few other tokens like PENDLE and RSR as soon as the market bounces back and grows when this trade war gets sorted out.
Sadly, things didn't go exactly as planned. It looks like all the hype around OM made us forget to really check out how safe this project was. KOLs were chatting about profits instead of digging into the tokenomics or business models, so we were totally caught off guard by the OM price crash and the accusations against the team [2].
I don't have the tech smarts to really judge how reliable and accurate those accusations and responses are. Even their plan to burn tokens doesn't make me feel any better about OM specifically, or the RWA trend in general. I always try my best to steer clear of risks and uncertainties to keep my capital and profits safe in this market. Lots of folks have been thinking about OM making a big comeback soon, maybe even hitting a new ATH, but I'm just not sure if that's gonna happen. Honestly, I'd rather buy DOGE or PEPE than put my capital and trust in a shaky project right now.
I would like to know your opinion on this issue:
- Do you think the collapse of OM price was inevitable or unexpected?
- Do you still trust and want to participate in the RWA trend this season?
- Will this event negatively impact the uptrend and altseason in 2025?
References:
1. coingecko: Top Real World Assets (RWA) Coins by Market Cap
2. Mantra’s OM Crashes 90% in Bizarre Sell-Off as Team Alleges 'Forced Liquidations'