MANTRA's OM token experienced a dramatic price drop of 90%. The founder pledged to burn $80 million of their own tokens in response to the price collapse. Allegations of a forced sale lead to speculation of 'reckless liquidation' by the team, which they denied. Regardless of who was at fault, the drop highlighted serious liquidity issues in the crypto market. As a solution, the MANTRA team initiated a massive burn of 300 million OM tokens. Despite this countermeasure, the token failed to fully recover, remaining 88% down from its weekly high. OKX, a notable exchange, accused Mantra of making significant changes to the OM token's economics, prompting further investigation. Potential investors have been advised to approach with caution as the organization struggles to regain investor trust. However, some analysts see potential for the token to rise again, despite the financial turmoil.
MANTRA Token News Analytics from Wed, 09 Apr 2025 07:00:00 GMT to Wed, 23 Apr 2025 16:14:14 GMT -
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- Information 6
- Rumor -9