Mantra's OM Coin has experienced a significant
90% crash in its value, and the headlines reveal multiple factors contributing to this situation. According to the
CEO of Mantra, an exchange's risky policies, along with claims of a team insider sell-off, may have led to the fall in price. The CEO has also initiated the process of burning his own 150M OM tokens in a bid to regain trust in the community. Criticisms aimed at the leadership for not offering a satisfactory explanation for the fall are also highlighted. As the token struggles to recover post-crash, concern is expressed over potential parallels with other crypto scandals such as LUNA's downfall. Positive news for OM Coin includes its recognition as the 'comeback kid of 2025' and periods of bouncing 200% and further price pumps of 60%. Despite this, unanswered questions, allegations of fraud, and liquidity issues keep the trust in OM, and therefore its recovery, uncertain. Analysts speak of OM's potential for an explosive rebound alongside mentions of other promising cryptos such as Litecoin and Cardano. As the token's recovery, valued as an underpriced asset after a 30% price correction, more investors are hunting for OM tokens. Concerns about comparisons with other disasters such as Pi Network persisted, but some maintained hope for OM’s potential rise despite the crash. The future trends of OM Coin remain clouded in speculation, weighted heavily by the token's ability to restore community trust.
OM Coin News Analytics from Thu, 19 Dec 2024 08:00:00 GMT to Mon, 05 May 2025 17:30:09 GMT -
Rating -7
- Innovation -5
- Information -3
- Rumor -6
