↓ OM Coin: A Deep Dive Into Recent Instability and Future Prospects
Mantra's OM token recently saw a significant decline in its value, with prices plummeting by 90% within a 24-hour period. This has led to...
It has been a turbulent journey filled with dramatic twists for cryptocurrencies lately. Particularly, the movement in Mantra's OM Coin paints an interesting narrative. From an alarming crash where the OM Token lost 90% of its value within 24 hours, wiping out an estimated $6B from the market cap, to the ripple effects it sent through the crypto market liquidity revealing critical issues.
The OM token's plunge led to a flurry of fraud allegations raising questions about Mantra's potential as the next grave crypto catastrophe. The drastic price drop led to the Mantra's CEO stating plans to burn $80M of his own tokens in a bid to regain community trust and stabilize the coin's price.
In an interesting twist, Mantra later linked the OM token crash to risky exchange policies, and despite recovering 200% from the crash, it is speculated to pose a LUNA-like risk. Mantra's token price collapse raised key questions about crypto market-making and continued to struggle even post-crash.
Interestingly, the dramatic movements around Mantra's OM Coin even caused a shake-up in new and upcoming Coinbase listings. Meanwhile, the crypto community is continually buzzing with trends and narratives in the market, making it an intriguing space to watch.
OM Coin News Analytics from Mon, 22 Aug 2022 19:33:09 GMT to Wed, 16 Jul 2025 19:15:10 GMT - Rating -7 - Innovation -6 - Information 8 - Rumor -2