Mantra's OM token experienced a dramatic
90% crash, leading to significant losses and sparking concerns over
crypto market liquidity. The sudden drop was attributed to
risky crypto exchange policies and
reckless liquidations by the Mantra team and exchanges. Such massive drop spurred talks about
OM token buybacks, a
comprehensive burn program, and
RWA tokenization plans aimed to restore the token's market position. Fingers were pointed towards alleged
insider dumping, intensifying
liquidity and
trust concerns within the crypto community. An attempt to restore faith in the token and the company, the Mantra CEO planned a
large-scale token burn including a significant part of his own tokens.
Despite the sharp drop and ensuing chaos, the
OM token price showed some resilience making an attempt for recovery. The Mantra team proposed a
full shift of OM token to Mantra Chain by 2026 as part of their long-term strategy for the token's rebound.
Recent collaborations have also been announced to enhance the reach and potential of the token. However, the
potential for recovery remains speculative and uncertain, making it a high-risk, high-reward investment.
MANTRA Token News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Thu, 09 Oct 2025 16:42:45 GMT -
Rating -7
- Innovation -3
- Information 2
- Rumor -4
