The
MANTRA (OM) token ecosystem has recently faced extraordinary turbulence that has sent shockwaves through the cryptocurrency market. The token experienced a sudden 90% crash, sparking concerns and rumors of
insider selling. Amid these allegations, the founder has vowed to burn $82 million of his own tokens to regain trust. This move followed unprecedented
forced-liquidations triggered by the company's risky exchange policies, contributing to the sharp decrease in token value, wiping billions from its market cap within minutes. Many observers are tying OM's
liquidity issues to larger patterns in the crypto market, causing a level of panic and uncertainty.However, the company has been taking steps to mitigate the effects of the plunge and rebuild investor trust. Included is a pledge to launch a $25 million
OM Token Buyback Program, and the
burning of 300 Million Team Tokens. These strategies are aimed at gaining back some of the lost ground, but with
limited success thus far. The recovery plan also includes a shift towards the MANTRA Chain and a complete migration of the OM token by 2026. Though progress is slow, MANTRA's actions show promise in the face of adversity.A glimmer of hope for investors appeared in the announcement of a $1 billion deal collaboration between MANTRA and Dubai property developer DAMAC to tokenize real estate assets. Furthermore, amidst all the chaos, MANTRA's Total Value Locked (TVL) jumped a staggering 500%.However,
all these events, positive and negative, have left the OM token still struggling to clear the $1 price barrier. The future of the token and its prospects remain uncertain.
MANTRA Token News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Tue, 09 Sep 2025 13:02:00 GMT -
Rating -7
- Innovation -5
- Information 7
- Rumor -5
