Mantra's token, known as the
OM coin, experienced a significant price surge followed by a sharp 90% plunge, igniting serious concerns about the integrity of the broader cryptocurrency market. Accusations of
fraud were quick to emerge, feeding into rampant
speculation about the real cause of the crash.
Mantra leadership attributed the sudden drop to a forced liquidation event and also pointed to potentially
risky policies at some cryptocurrency exchanges. In response to the turmoil,
Mantra's CEO has started burning his tokens in an attempt to reclaim community trust.
Notably, there is considerable
optimism about the future of
Coinbase and
Bitcoin, despite ongoing volatility.
Meanwhile,
memes coins became the joke of the industry, with many skeptical about their long-term viability.
Mantra continues to deal with fallout from its crash, with investors divided on whether this represents a buying opportunity or a warning sign of more pain to come.
Looking forward to 2025, ambitious
price predictions still circulate, including a $12 target for
Mantra.
OM Coin News Analytics from Thu, 05 Dec 2024 08:00:00 GMT to Tue, 22 Jul 2025 19:43:40 GMT -
Rating -2
- Innovation -5
- Information -4
- Rumor -7
