⇓ The Tumultuous Tale of OM Coin: Price Plummets, Buybacks, and Prospects
Binance will provide support for MANTRA (OM) alongside Enjin Coin network upgrades. Notably, OM coin's price crashed by approximately 90%,...
There are several recent developments regarding the OM Coin and the cryptocurrency market generally. Considering the OM Coin, it has undergone some serious downtrend, crashing by nearly 90%. There are speculations of fraud which has provoked discussions about another impending crypto catastrophe. The Mantra's OM token faced a massive loss in market liquidity and sparked liquidity and insider dumping concerns. It appears that this drastic drop in price is blamed on the actions of exchanges.
As a response, Mantra has announced a decisive measure: a $25M OM token buyback and burning program, which involves the massive burning of 300M OM token. Despite these efforts, the coin seems to be struggling to recover its initial value. This situation has raised issues on the viability of altcoins in the crypto market.
Another significant discussion in the crypto landscape is about stablecoins and memecoins. Even Donald Trump has been featured in the discourse, following plans by the Treasury Department to mint a $1 Trump coin and the Trump Crypto firm's announcement of a $1.5 Billion Digital Coin deal.
Furthermore, considering the broader crypto industry, the US Senate enacted a milestone GENIUS stablecoin bill providing the sector with its first significant legislative win. Coinbase has also continued to advance, allowing wider asset access with decentralized exchange (DEX) trading, alongside a lot of other developments.
OM Coin News Analytics from Wed, 19 Feb 2025 08:00:00 GMT to Wed, 12 Nov 2025 21:38:25 GMT - Rating -8 - Innovation -7 - Information 7 - Rumor -2