⇓ Following A Catastrophic Crash, OM Coin Strives to Recover: Actions, Reactions, And Implications

A wide range of topics and occurrences have drastically affected the Mantra's OM Coin. One critical event is the 90% crash in the value of OM Coin, which was linked to risky cryptocurrency exchange policies. The crypto market liquidity discussion came into focus after this event, with MANTRA blaming certain exchanges for the OM crash. This collapse was not only devastating but also triggered fraud allegations and fears of future crypto catastrophes. Consequently, Mantra announced a $25M OM Token Buyback Program and a major token burn initiative to restore confidence in the community.

Such swift actions seemed to work somewhat as we saw the OM coin value go up by 100%. The company also launched its first Regulatory-compliant Real-World Asset (RWA) product, demonstrating some positive momentum for the cryptocurrency. Amid these turbulent times, Upbit decided to enlist Mantra OM, pointing to the recovering trust in the coin. Meanwhile, investor concerns regarding liquidity and potential insider dumping grew as a consequence of the coin's plunge.

On a side note, Trump's crypto firm established an eye-catching $1.5 billion digital coin deal and his media company has initiated a new enterprise to acquire billions in niche crypto coins.

Looking towards the future, forecasts for the OM coin price are mixed, with some suggesting a rebound may be in the cards despite the token's severe beating. Overall, the market's reactions to catastrophic events like this could serve as a precedent for other cryptocurrencies encountering a similar fate.

OM Coin News Analytics from Thu, 19 Dec 2024 08:00:00 GMT to Sun, 14 Sep 2025 07:00:00 GMT - Rating -8 - Innovation 2 - Information 3 - Rumor -5