Mantra's
OM token faced a severe crash, losing about 90% of its value in a short timeframe. Allegations of
insider selling and liquidity issues have been pointed out as reasons for the drastic drop.
Billions were wiped from the
market cap. The Mantra team blamed 'reckless liquidations' for the collapse, with several platforms contributing to the fall. The crash happened despite the
token breaking $1B volume, which raised many questions about crypto exchange policies and liquidity issues tied to risky investments. The Mantra CEO denied insider token dump and announced plans to
burn part of the team's tokens to regain the community's trust, but the
recovery is still at an early stage. The collapse sparked
liquidity and insider dumping concerns and opened discussions on how investors can protect themselves. In a bid to restore trust, the Mantra team initiated a
300M OM Crypto Burn, but analysts warned about the risks. The CEO planned a
token buyback and promised more details about the recovery plan. Additionally, the OM token crash sparked comparisons with
Terra LUNA, another cryptocurrency that experienced a similar fall. Wallet Intelligence pointed out
market exploitation, contributing to the token's collapse, while retail started rotating to new crypto coins. The Mantra founder burned a substantial amount of his
personal stake to salvage the reputation after the 90% crash.
MANTRA Token News Analytics from Fri, 28 Mar 2025 07:00:00 GMT to Sat, 26 Jul 2025 13:34:52 GMT -
Rating -5
- Innovation 2
- Information 4
- Rumor -3
