MANTRA, a cryptocurrency based on the OM Token, underwent a massive shift in the market with its value plummeting by as much as 90% due to a
liquidity crisis. Co-founder JP Mullin blamed the collapse on
reckless liquidations by exchanges, denying any insider dumping. A series of litigations are also ongoing against Mantra, further shaking investor trust. In response, MANTRA announced a
$25 million strategic OM token Buybacks and a
300 Million token burn to recover trust, meanwhile, plans have been outlined for transforming OM tokens into MANTRA tokens as part of a global expansion strategy. The founder also pledged to
burn $82million worth of his OM tokens and proposed a full shift of OM token to
Mantra Chain by 2026. Despite the turmoil, MANTRA has announced partnerships such as that with
Agri-Tech Firms to bring Cacao, Carbon Credits onto the blockchain. However, the company is faced with allegations and rumours causing fluctuation in market expectations for the coin.
MANTRA Token News Analytics from Tue, 18 Feb 2025 08:00:00 GMT to Tue, 16 Dec 2025 22:00:30 GMT -
Rating -9
- Innovation -4
- Information 2
- Rumor -6
