MANTRA is undergoing serious
restructuring marked by unexpected
staff reductions. The restructuring comes in the wake of the dire performance of the
OM Token, which has remained 99% below its peak. Much of
OM's supply is still unmigrated as Mana phases out the ERC-20 version. Amid market pressure, MANTRA shed personnel after a $6B token collapse that frustrated investors. A scheduled
community call on January 19 will likely provide insights into MANTRA's future course. However, multiple litigations have been filed against the project, adding to its woes.
Meanwhile,
Mantra's CEO issued an urgent warning advising shareholders to withdraw their OM from OKX in light of a migration crisis. He denied allegations of insider selling. Despite the turmoil something positive came in the form of a
$25M funding commitment for strategic OM token buyback, as well as planned token code change and 1:4 split.
MANTRA is preparing for a major OM Coin upgrade after an unexpected flash crash wiped out nearly $5bn, leading to massive losses. The project reveals significant plans for their cryptocurrency, including the
move to move OM to MANTRA and a proposed massive burning of 300 million team tokens to regain investor trust.
After this tough period, MANTRA is moving forward with a vision of regaining trust. Despite the crippling OM crash, this remains to be seen as they finalize the OM to MANTRA Coin upgrade timeline before the end of Q1 2026.
MANTRA Token News Analytics from Sun, 13 Apr 2025 07:00:00 GMT to Sat, 17 Jan 2026 12:59:37 GMT -
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- Innovation -7
- Information 6
- Rumor -6
