The articles relay a series of setbacks affecting the
MANTRA token (OM) over the last few months. Stating the
cryptocurrency experienced a drastic
90% price drop, with market liquidity concerns, allegations of insider trading, and tumultuous liquidation practices surfacing as primary culprits. OM's
April crash saw its team ardently refute claims of intentional dumping while linking a major part of the token's huge devaluation to 'reckless liquidations' instigated by cryptocurrency exchanges. An announcement of Upbit’s
MANTRA (OM) listing did lead to a short-lived
15.7% surge in price, but this increase could not make up for the lost investor trust. Amidst these allegations, MANTRA's CEO promised a token
burn program aimed at repurchasing 150M of his personal OM holdings and burning an additional 150M tokens belonging to the team. The attempted recovery effort led to a temporary rebound, but many investors still remained below their initial investing mark. The CEO's recovery plans, token burn details, and buyback policies were shared, with him reiterating recovery being their top concern. The stark price collapse was viewed by some as an exposure of systemic risks inherent in the crypto market, raising questions on prevalent crypto exchange policies, liquidity issues, and validation concerns, seen by some as a wake-up call to the entire crypto sector.
MANTRA Token News Analytics from Sun, 13 Apr 2025 07:00:00 GMT to Wed, 21 May 2025 05:50:54 GMT -
Rating -8
- Innovation -4
- Information 6
- Rumor -6
