The recent market events regarding the
OM Coin have revealed a surge of extreme volatility. Its token,
Mantra OM, experienced a harsh drop of 90%, subsequently unveiling problems related to cryptocurrency market liquidity. The founder has decided to burn $80 million of his own tokens following this decrease.
Binance announced it would support the
OM and Enjin Coin network upgrades. Despite the substantial decline, OM coin's volume managed to break $1B but struggled to overcome the $1 price barrier. There are strong allegations of fraud due to the sudden plunge triggering concerns of the next crypto catastrophe. Despite the debacle, Mantra is planning a massive burn program of OM in an attempt to regain trust and foster recovery. The Mantra (OM) cryptocurrency has enlisted the aid of
Movement Labs while still struggling to recover trust after its April crash. Amidst the turmoil, they are also eager to introduce a compliant RWA product. The issue of tokenized cash enabling next-gen payments is on the table now more than ever due to Mantra’s dramatic crash.
OM Coin News Analytics from Mon, 03 Feb 2025 08:00:00 GMT to Sun, 23 Nov 2025 08:00:00 GMT -
Rating -8
- Innovation 2
- Information 9
- Rumor 4
