Mantra's OM token experienced a significant crash, with the price plunging 90% and wiping out billions of dollars from its market capitalization. This plunge was attributed by the team to 'reckless liquidations' and risk-prone crypto exchange policies. In response to the market tumult, Mantra outlined plans for strategic OM token buybacks funded by a minimum commitment of $25,000,000 and announced a 'comprehensive burn program'. Despite these measures, the token seems to have struggled to fully recover. CEO and founder refuted claims of insider selling, outlining a recovery plan and torched a large part of their own holdings to regain investor trust. Rumors of the token being discontinued on Binance aggravated investor anxiety. However, these issues did not deter MANTRA from announcing their first compliant RWA product or igniting speculations about a potentially lucrative collaboration to tokenize assets in the Middle East. Ultimately, the chaos surrounding the OM token crash revealed inherent liquidity issues in the crypto market and raised concerns about the sector's systemic risk.
MANTRA Token News Analytics from Mon, 13 Jan 2025 08:00:00 GMT to Sun, 05 Oct 2025 05:30:40 GMT -
Innovation -1
- Information 8
- Rumor -5