Mantra's OM coin experienced a turbulent period with a massive price crash of
90%, raising questions about the cryptocurrency's liquidity and sparking allegations of fraud. This was mainly linked to
risky exchange policies and discrepancies in trading volume. Subsequently, Mantra announced a
'Comprehensive Burn Program' in an effort to stabilize matters. It was hinted that one specific exchange might have influenced the collapse of OM coin. The coin's sudden plunge had a significant impact on the crypto market, sparking fears of a ripple effect for other alternative coins. Despite the challenges, Mantra's CEO initiated the process of burning his
150M OM tokens. Amidst the turmoil, some analysts retained bullish prospects on OM coin, predicting an explosive resurgence. They suggested the possibility of OM coin making a dramatic comeback, with Moonshot of $
15 expected in due course. Nevertheless, investor trust in Mantra remains shaky due to unanswered key questions regarding the crash. OM coin trading volume hit its yearly high and made a new all-time high despite the wider market downturn. Although the Mantra team initiated a
300M OM crypto burn, investors remain cautious, fearing another unexpected crash.
OM Coin News Analytics from Mon, 22 Aug 2022 19:33:09 GMT to Tue, 26 Aug 2025 17:41:37 GMT -
Rating -3
- Innovation -2
- Information 6
- Rumor -5
