Mantra's OM token went through a significant collapse, where its value declined by over
90% within a 24-hour window. The co-founder of Mantra blamed
'reckless liquidations' for this drastic fall, denying any insider sell-off allegations. The crash wiped off around
$5 billion from its market value, shaking up investor trust and confidence. Amidst this turbulent time, Mantra's CEO has outlined a
recovery plan to reinstate trust, which includes the burning of their part of the tokens. The
burning aims to reduce over-supply and boost the value of the token. Despite the plan, the recovery of the token's price is still in its early stages, and it continues to struggle, raising fraud allegations. Mantra partnered with
Agri-tech firm Dimitra, aiming to bring about a positive market change through this collaboration, thus offering some positive news for Mantra. In spite of this event, the critical liquidity issue exposed by the OM token crash remains a major challenge, not only for Mantra but also for the entire cryptomarket.
MANTRA Token News Analytics from Wed, 09 Apr 2025 07:00:00 GMT to Sat, 07 Jun 2025 12:59:06 GMT -
Rating -8
- Innovation -6
- Information 7
- Rumor -4
