The **MANTRA (OM) token** has experienced significant volatility with its price crashing and trading volumes hitting $1B. The token even made a dramatic recovery after crashing by 90% in April. **Insider selling allegations**, rapid volume movements, and **reckless liquidations** were blamed for this unexpected crash. The token's co-founder promised investigations, and denied allegations of **insider trading**. MANTRA investor **Laser Digital** also denied any role in the crash. The token's collapse resulted in the loss of $5.2B in market share, highlighting the **liquidity issues** in crypto markets. To rebuild trust, **300 Million team tokens** are to be burned and the token recovery is mentioned as the **primary concern**. Following these events, crypto exchange **Bithumb** added MANTRA tokens to the KRW market. Despite these efforts to stabilize, the token has continued to struggle with a diminished market cap of $683 Million. The token's founder has vowed to burn $80M of his own tokens following the price drop. More warnings against prospective collapses were issued as similar tokens also experienced crashes. Amid these critical scenarios, the CEO of MANTRA has committed to a robust recovery plan, and aims to bring total burn to 300M tokens.
MANTRA Token News Analytics from Sun, 13 Apr 2025 07:00:00 GMT to Mon, 21 Jul 2025 13:37:15 GMT -
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