Mantra's native token,
OM, experienced a significant
90% drop due to alleged
reckless liquidations and potential
insider dumping. These occurrences led to a sudden drop in
market capitalization. This ignited fear that Mantra could mirror the
LUNA crisis. Despite suffering a brutal blow, the team has remained proactive, announcing initial plans of a
$25,000,000 strategic buyback of the token, and even proposing a 300 million token burn to regain investor trust. However, the platform continues to struggle as suspicions among investors grow, with its price still below the $1 threshold. Furthermore, Mantra is accused of having exploited validation gaps to inflate OM's liquidity, sparking additional controversy about potential
fraud in the cryptocurrency market. The Mantra CEO refuted these claims and proposed a recovery plan that involves
token burns and a rebranding process. Mantra is intending to transition from OM to
MANTRA as part of a plan to expand globally, aiming for a full shift by
2026. There is speculation about Mantra's future performance, with some predicting further crashes. A factor to consider is their recent collaboration with
DAMAC to tokenize $1 billion in the Middle East.
MANTRA Token News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Wed, 05 Nov 2025 01:16:20 GMT -
Rating -7
- Innovation -3
- Information -2
- Rumor -4
