Throughout the past months,
MANTRA and their
OM Token have encountered dramatic market reactions due to several incidents. The OM Token experienced a massive 90% crash, which the team attributed to 'reckless liquidations'. OM rebounded slightly only after its co-founder promised to conduct a 'post-mortem'. Further controversies were created as MANTRA CEO denied insider selling and put forward a recovery plan for the OM Token. Accusations of fraud and alleged manipulation were levied, resulting in multiple litigations.However, noteworthy attempts to rebuild trust and recover trust were made. The CEO announced that he would burn $80M of his own tokens and MANTRA proposed burning 300 million team tokens. Additionally, a $25M OM Token buyback program was introduced.Despite these challenges,
MANTRA is striving to look beyond recovery, with their latest announcement involved a token upgrade from OM to MANTRA. This comes alongside strategic initiatives including OM Token buybacks, implementation of stablecoin and RWA tokenization plans. Also, they are focusing on a rebranding and global expansion while disputing over an 'inaccurate' migration plan with OKX.
Mantra is understood to have received a minimum funding commitment of $25 million for this strategy. Yet, in the aftermath of these incidents, analysts have warned of risks reminiscent of the LUNA situation. The future of OM token, now MANTRA, and the success of these initiatives will inevitably shape the course of MANTRA's future in the crypto market.
MANTRA Token News Analytics from Sun, 13 Apr 2025 07:00:00 GMT to Sun, 11 Jan 2026 05:00:00 GMT -
Rating -9
- Innovation 3
- Information 7
- Rumor -5
