Mantra, the proprietor of
OM Token, has undergone significant strain as the token's value crashed by 90%. This led to the firm slashing its workforce and restructuring its operations. Concerns about various litigations began to circulate, raising suspicions about the token's potential fraudulent activities.
Amidst the turmoil, Mantra announced a minimum commitment of $25,000,000 for strategic OM Token buybacks and an eventual announcement of a $25M OM Token buyback program, to try to stimulate the plummeting token's value. The firm is also to initiate an OM token migration in anticipation of a network upgrade.
The near-immediate 90% collapse in OM’s value led to accusations of insider trading and reckless liquidations by the firm. As a response to allegations of fraud and market manipulation, Mantra denied engaging in such practices and denounced certain exchanges for their inaccuracies and systemic risk.
In an attempt to win back investor confidence, Mantra proposed a solution involving the burning of 300 million team tokens. Mantra also unveiled plans to rebrand its native $OM token to $MANTRA as part of a global expansion strategy.
On the recovery path, Mantra sought collaboration with an Agri-tech firm, Dimitra, seeking to expand its footprint by linking Cacao and Carbon Credits to the blockchain.
MANTRA Token News Analytics from Sun, 13 Apr 2025 07:00:00 GMT to Thu, 15 Jan 2026 08:00:00 GMT -
Rating -6
- Innovation -4
- Information 5
- Rumor -7
