MANTRA is experiencing uncomfortable shifts in the crypto market. The token infamously dubbed
OM, has seen a
90% drop in value, alongside a
sharp reduction in staff, about a year after the coin's value fell by a staggering 90%. Several litigations involving Mantra are ongoing, and these events have left the OM token trading 99% below its peak. The company has announced a restructuring, which has been accompanied by
$6 billion token collapse and massive market pressure. Furthermore, in attempts to recover, Mantra's CEO has issued an urgent warning advising investors to withdraw their OM from the popular platform, OKX, as the
migration crisis escalates.
Layoffs were announced following the collapse, with Mantra denying responsibility for the flash crash that wiped out $5bn. MANTRA has attempted to mount a recovery by announcing an
additional $25,000,000 minimum funding commitment for the first of
strategic OM token buybacks. However, various elements have led the token's price to remain unstable. Allegations of fraud are arising as investors reel from a sharp drop in the value of their holdings. Aiming for global expansion, Mantra intends to
rebrand the OM token to MANTRA. Despite these efforts, the token is still struggling to recover as trust wanes following a significant crash in April and a
rumoured discontinuation of support on Binance. MANTRA's founder reacted by burning $80M worth of his own tokens following the 90% price drop.
MANTRA Token News Analytics from Sun, 13 Apr 2025 07:00:00 GMT to Mon, 19 Jan 2026 02:00:00 GMT -
Rating -8
- Innovation 1
- Information 5
- Rumor -6
