MANTRA's OM Token experienced a severe
90% crash, which severely impacted its market liquidity and caused widespread panic among its investors. The team attributed the crash to reckless liquidations by market makers, sparking a series of
insider-dumping accusations. Amid all the chaos,
MANTRA announced a minimum funding commitment of $25,000,000 for strategic OM Token buybacks. In response to criticism and mistrust,
MANTRA's CEO rejected allegations of insider selling and put forward a recovery plan, which included a comprehensive burn program and reassurances of their long-term market faith. A
mammoth 300 million token burn was proposed to restore investor confidence. Despite a small rebound in the OM token price, many analysts remained cautious, warning of further instability and possible collapses similar to the LUNA situation.
Binance's potential suspension of OM Token support also raised concerns among investors. However, in a strategic shift for the company,
Mantra proposed rebranding the OM Token to MANTRA and implementing a 1:4 token split. The shift is to be accompanied by the debut of its first compliant Real World Asset (RWA) product. Amid all these events, rumours and speculation have been rife, and investors are advised to proceed with caution.
MANTRA Token News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Mon, 10 Nov 2025 08:00:00 GMT -
Rating -8
- Innovation -1
- Information 4
- Rumor 5
