⇓ Extroardinary Price Crash: A Closer look at Mantra Token's Drastic Fall and Coping Strategies

A sequence of events violently impacted the digital currency **Mantra Token (OM)**, causing a significant crash in its price. OM plummeted by 90% over a short period, triggering controversy and allegations of insider trading that led to billions being wiped from the token's market value. Various circumstances culminated in this catastrophic crash, including 'reckless liquidations' and questionable activities from exchanges, exacerbating the price plunge. In its defense, Mantra refuted these allegations and pointed to risky exchange policies as a potential cause of the drastic fall. The CEO of Mantra himself took an active role in attempting to recover faith in the token by initiating the burn of his 150M OM tokens and planning to bring the total burned tokens up to 300M. Despite these efforts, Mantra's price continues to struggle and is showing modest signs of recovery. In a bid to regain trust, Mantra has announced a double burn of 300 Million OM tokens following the collapse. On the other hand, analytics warn that despite the token's recent rise, it still bears considerable risk. Amid these substantial market changes, the token has still seen some positive moments, with prices skyrocketing by 30% in 24 hours on one occasion. **OM**'s dramatic crash and its aftermath reveal significant issues surrounding liquidity within the crypto market. The Mantra crash also emerged as a valuable case study, prompting investors to undertake forensic studies to comprehend such downward spirals and prevent being affected by similar situations in the future.

MANTRA Token News Analytics from Wed, 09 Apr 2025 07:00:00 GMT to Wed, 04 Jun 2025 16:43:51 GMT - Rating -8 - Innovation -3 - Information 7 - Rumor 2