↓ MANTRA Token Navigates a Rocky Path: Crashes, Burns, and Commitment to Recovery

The recent news updates reveal mixed sentiments for the MANTRA Token (OM). The token has reportedly suffered a dramatic 90% crash blamed on reckless liquidations and bugs in market-making mechanism. The management has repeatedly denied insider trading allegations. Reports are stating that $227 million was moved to exchanges sparking a panic, triggering the cascade. The crash led to a market cap plunge to $683 million, impacting investor confidence significantly.

MANTRA decided to implement a massive burn program where 300 million tokens will be destroyed to regain users' trust. The company also outlined a recovery plan including a strategic OM token buyback of $25 million minimum funding. Major network upgrades are also being expected in alliance with partners like Binance and MultiversX.

In intriguing news, the creator or MANTRA is expected to burn $80M of his own tokens to rebuild trust. The crash contributed to a dramatic rise in derivative trading, disposing of $760M in OM.

Analysts foresee the future of Mantra (OM) being closely tied with its major token's liquidity and rebranding efforts, as the token's performance will directly impact the overall ecosystem of the crypto. The vision for 2025 forecasts the movement of OM could go as high as causing another Luna-like moment.

Partnerships are also being sought, for instance with property developer DAMAC for a $1 billion tokenization project in the Middle East. All these efforts are geared towards recovery and rebuilding its market position.

MANTRA Token News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Mon, 27 Oct 2025 07:40:47 GMT - Rating -6 - Innovation -4 - Information 6 - Rumor 1