Mantra's OM token recently experienced an unprecedented plunge in value, dropping by almost 90%. This panicked situation in the cryptocurrency market revealed significant liquidity issues, also aggravated by allegations of fraud against Mantra. The key contributors to this massive price drop included exchange liquidation and alleged insider sell-offs. Amidst this chaos, the company's
CEO announced plans to burn 150M OM tokens of his personal holdings with another notable
surprise burn engulfing 300M Mantra's OM tokens leading to a substantial token scarcity.
Amidst these unprecedented events, positive potential for OM's recovery has been detected. One headline reported a
60% price pump giving rise to optimism amongst investors and the coin has been emphasized as the 'Comeback Kid', although it continues to struggle in recovering from April's crash. The market has also been shaken by other notable events such as
Trump's endeavor into meme coin,
Coinbase going under scanner for user metric investigation, and a massive truck crash resulting in the spilling of 8m freshly minted dimes. In an enticing move,
Trump invited top holders of his meme coin for a dinner leading to a surge in its value.
OM Coin News Analytics from Thu, 19 Dec 2024 08:00:00 GMT to Wed, 21 May 2025 09:04:19 GMT -
Rating 2
- Innovation -3
- Information 4
- Rumor -6
