MANTRA's flagship token
OM recently crashed
90% due to various reasons mostly attributed to a combination of systemic issues in crypto exchange policies,
forced liquidations, and perceived
insider selling. The crash was unforeseen, almost instantaneous and left the market with a lot of unanswered issues. Post-crash, in the face of speculation and fraud allegations, MANTRA's CEO released various statements denying responsibility, blaming
reckless exchanges and liquidations, explaining the role of risky crypto exchange policies and
systemic risk. The team has initiated a
token burn and
buyback program to resolve the issue. The
burn will include part of the CEO's and team's allocation in a bid to recover trust from the community. While the price is still struggling to recover, such radical measures might help to gain back trust. However, the token crash has shed light on the critical liquidity problems and speculative nature of the crypto market.
Investor sentiment and rumours of
insider trading still linger, casting a pall over the future trajectory of the OM token. Some analysts are even predicting another price plunge. On the other hand, the CEO remains hopeful and has outlined plans for recovery. The crash of Mantra's OM token serves as a stern reminder for investors to practice due diligence and have a firm understanding of the crypto asset they are buying.
MANTRA Token News Analytics from Sun, 13 Apr 2025 07:00:00 GMT to Wed, 04 Jun 2025 16:44:05 GMT -
Rating -8
- Innovation -5
- Information 7
- Rumor -7
