⇓ The Rise, Fall, and Potential Recovery of the MANTRA (OM) Token

Mantra token (OM) has experienced a tumultuous period that began with the token's 90% crash attributed to liquidity issues. This crash caused the market cap to shrink to $683 million. In response, Mantra announced a $25,000,000 minimum funding commitment for the first of strategic OM token buybacks. As the token's price wavered, the Mantra Chain launched migration towards full RWA pivot. Despite the team denying responsibility for the flash crash, which wiped out $5bn, it faced backlash given the relation between supply control and this disaster. Concerns about liquidity and insider dumping increased as $227 million was moved to exchanges, causing the token to plunge 90%. Consequently, Mantra announced a comprehensive burn program of OM after the crash and plans to rebrand native $OM to $MANTRA, aiming at global expansion. The intention to burn 300 million team tokens forms part of an effort to win back trust. However, allegations arose claiming that Mantra and market makers exploited validation gaps to inflate OM token liquidity. Rebuilding trust is paramount with the OM token still struggling to clear the $1 price barrier. Some analysts warn of a Luna-level risk even as the OM price recovers. Amid the accusations, Mantra's CEO initiated a burn of 150M OM allocation to bring total burn to 300M tokens. Despite the ongoing crisis, Mantra continues to innovate, integrating Hyperlane to power cross-chain liquidity and RWA adoption. The OM token losses 98% of value, wiping $6 billion from market cap in minutes led to surprising messages from the Mantra CEO as attempts to save the Mantra's token continued. Moving forward, analysts anticipate the Mantra (OM) token could stage a dramatic comeback following April's 90% crash. The token's price is expected to jump following the listing with Upbit.

MANTRA Token News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Wed, 05 Nov 2025 01:14:14 GMT - Rating -8 - Innovation 7 - Information 6 - Rumor -6