Mantra's OM token recently experienced a drastic 90% crash, causing a shockwave within the crypto market. This incident has sparked discussions regarding crypto market liquidity and risky exchange policies. The crash led to many unfounded allegations of fraud that the Mantra team has vehemently denied. In response, Mantra's founder announced plans to burn $80M of their own tokens. Furthermore, the team has initiated a 300M token burn, widely regarded as a bold move in a desperate bid to regain community trust.
In addition to these efforts,
Mantra has declared a $25M OM token buyback program. Despite the market shocks, many experts remain divided on whether these events will lead to the total downfall of the OM Coin or if it's merely a setback from which the coin will recover. Remarkably,
post-crash, the OM coin has shown signs of life, bouncing back by 200%. Some dare to hope that this might hint at an imminent market recovery.
Meanwhile, alongside news of the OM Coin's developments, the U.S. Treasury is reportedly considering minting a $1 Trump coin to mark the 250th independence celebrations, leading to demographic and financial speculation about the potential impact in the crypto market.
OM Coin News Analytics from Mon, 22 Aug 2022 19:33:09 GMT to Wed, 15 Oct 2025 07:00:00 GMT -
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- Information 8
- Rumor -2
