⇓ MANTRA's OM Token Fails to Recover: Price Tumbles Amid Scandal and Liquidity Concerns
The articles relay a series of setbacks affecting the MANTRA token (OM) over the last few months. Stating the cryptocurrency experienced a...
The Mantra (OM) token witnessed a massive 90% crash, an occurrence linked to precarious crypto exchange policies. The team denied any role in this unfortunate event, suggesting the crash resulted from risky liquidations. However, this has raised various questions regarding the crypto market liquidity and sparked fraud allegations, bringing to light potential liquidity problems in the crypto sector.
Moreover, the OM token's massive crash impacted the wider crypto market. A subsequent statement by Mantra offered no clear explanations, leaving speculation rampant. The founders have since initiated a protocol to burn their token shares aiming to regain community trust. Despite this, the token is struggling to recover, and investor trust appears to have been greatly impacted.
Mantra has also announced the burning of 300M team tokens to reinstate trust lost after the price dramatic drop, leaving investors in suspense. Although the token showed signs of recovery following a partial rebound and a new token listing on Upbit, Mantra’s future remains uncertain, given the token's volatile nature.
MANTRA Token News Analytics from Sun, 13 Apr 2025 07:00:00 GMT to Sat, 24 May 2025 03:11:15 GMT - Rating -8 - Innovation 2 - Information 4 - Rumor -6
