⇓ Navigating the Turbulent Waters: The Mantra OM Token's 90% Crash and Recovery Efforts
MANTRA's flagship token OM recently crashed 90% due to various reasons mostly attributed to a combination of systemic issues in crypto...
Mantra<\/b> is an ecosystem that has seen a wave of highs and lows, particularly with the crash and recovery of its OM token<\/b>. As per recent reports, the value of this cryptocurrency fell 90% - an occurrence which brutally wiped out almost $6B of its market value. There are allegations of insider trading, because of the drastic drop in value. The company, however, has attributed the crash to forced liquidations, and 'reckless' exchange policies.<\/p>
A significant hit to the reputation of Mantra is the allegation of fraud after which Mantra CEO<\/b> has initiated a burn program<\/b> to regain community trust. As a bid to win back the community's trust, they have planned to burn 150 million of their tokens<\/b>. They even proposed to burn 300 million more.<\/p>
Despite the crash, the OM token has faced a degree of recoverance, although this recovery comes with a substantial degree of public doubt and skepticism. Its price has further collapsed by over 90% in 24 hours, which might be due to a combination of mass sell-off by key holders and recurring liquidity and insider dumping concerns.<\/p>
One headline suggests a 7,000% surge in derivatives trading amid this market chaos. Mantra is trying to bounce back as plans of token buyback are underway. Given the situation, the token, that once had a promising future, now faces the collective skepticism of investors, analysts, and the market at large.<\/p>
MANTRA Token News Analytics from Tue, 18 Feb 2025 08:00:00 GMT to Mon, 30 Jun 2025 11:19:39 GMT - Rating -8 - Innovation -5 - Information 8 - Rumor -6
