ArkStream Capital partner: OM is the OTC market
04-14 06:06
Odaily News According to HashKey Capital member Rui and ArkStream Capital Founding Partner Ye Su’s revelation on X, the cryptocurrency project MANTRA (OM) is a “ground-pushing OTC disk” with an OTC scale of US$500 million. It adopts the mode of “new OTC tokens take over old OTC selling disks” and operates in a cycle until the last unlocked chips “OTC does not move” explode. According to the revelation, in 2023, when the OM token FDV fell to US$20 million and was almost abandoned, a Middle Eastern capital intervened in the acquisition under the matchmaking of the middleman, retaining only the position of CEO. The Middle Eastern capital owns a large number of physical assets such as luxury homes and resorts, and then packaged OM into a physical asset tokenization (RWAfi) project. Ye Su said that under a high degree of control, OM set Binance’s highest increase in 2024, achieving a 200-fold increase, and the team is still promoting the “OTC disk” business recently.
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