MANTRA’s OM Token has suffered drastically in the recent past, experiencing a whopping
90% crash. This sudden and rapid crash has led to allegations of
insider dumping and multiple theories have been proposed as potential causes of this decline - including the role of certain reckless liquidations and the possibility of a single exchange being the trigger. In response to the crash, the
CEO of MANTRA categorically denies any blame and has proposed a recovery plan which involves a
$25M buyback of the token and burning 300 million team tokens to regain the trust of investors. Meanwhile, allegations of fraud and manipulation continue to fly. In other news, investor
Laser Digital has also denied any role in the crash and reaffirms that its major holdings in the token remain locked. The unstable situation has led to speculation on whether
MANTRA support will be discontinued on
Binance. While some see the crash as a warning sign of a possible
token catastrophe, others regard it as a hiccup that will not dampen the long-term prospects of the OM token. Notwithstanding, the incident reveals serious liquidity issues in the cryptocurrency market and sparked comparisons with other crypto crashes, including that of
LUNA.
MANTRA Token News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Sun, 26 Oct 2025 07:00:00 GMT -
Rating -8
- Innovation -4
- Information 4
- Rumor -5
