OKX and MANTRA have been caught in a dispute regarding the migration of OM tokens from MANTRA to OKX, generating public accusations and several lawsuits in the process. Nevertheless, MANTRA has taken a conciliatory tone with OKX. The CEO of MANTRA has demanded an immediate withdrawal of OM tokens from OKX, claiming that reckless liquidations by exchanges are responsible for the token's 90% price drop. Despite denial of responsibility for the crash, there has also been talk of MANTRA planning a comprehensive burn program of OM, potentially burning up to 300 million tokens. The price struggle of MANTRA remains afloat amidst accusations of exchange liquidations and price manipulation, fueling significant community anger. The dispute with OKX, alleged insider dumping, potential burn program announcement, and existing lawsuits are pushing investors' trust to its limits, with fears of a crash like LUNA's scenario. As a part of its recovery plan, MANTRA is considering rebranding and performing a token split, trading 4:1 from OM to MANTRA. The OM tokenβs crashing has resulted in billions being erased from the market cap in a couple of hours, leaving the tokenβs future hanging in the balance.
MANTRA Token News Analytics from Tue, 18 Feb 2025 08:00:00 GMT to Sun, 21 Dec 2025 03:37:12 GMT -
Rating -7.5
- Innovation 2
- Information 4
- Rumor -3