On April 14th, according to the news of HashKey Capital member Rui and ArkStream Capital Founding Partner Ye Su in X, the cryptocurrency project MANTRA (OM) is a "ground marketing OTC disk", the OTC scale reaches 500 million US dollars, using the "new OTC tokens take over the old OTC selling" model to operate in a cycle, until the finally unlocked chips "OTC does not move" burst.
According to reports, in 2023, when the OM token FDV fell to $20 million and was almost abandoned, a Middle Eastern capital intervened in the acquisition with the help of intermediaries, retaining only the CEO position. The Middle Eastern capital owns a large number of physical assets such as luxury houses and resorts, and then packaged OM into a physical asset tokenization (RWAfi) project.
Ye Su said that under the high control, OM recorded the highest growth rate of Binance in 2024, achieving 200 times growth, and the team is still promoting the "OTC" business recently.
VC practitioners broke the news: OM is ground marketing OTC disk
2025-04-14 06:01:31
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