MANTRA has extended the
MANTRA Coin upgrade timeline to March 2. Recently, the
Mantra OM Coin faced a substantial
price drop to the extent that the founder decided to burn 80M of their own tokens. In the wake of this, allegations of fraud have been sparked with a lingering question if this plument could signal the next crypto catastrophe. In the midst of this controversy, there is increased scrutiny on
crypto market liquidity and the role played by exchanges, which the mantra team has squarely blamed for the crash. This alleged
mishandling of OM coins; causing the price to plunge by 90% has led MANTRA to demand the immediate withdrawal of OM tokens from
OKX Exchange, while accusing them of misleading OM holders. This sudden plummet has wiped out 300M Mantra's OM tokens and saw OM's market cap shrink to $683 Million. In response, a
buyback program involving $25M OM tokens was announced by MANTRA, while the CEO has promised a token burn to regain investor trust. Binance announced that it will support the MANTRA(OM) and the Enjin coin (ENJ) network upgrades. Additionally, there's still voices of optimism with predictions that OM Coin could surge to $9 and why one should consider buying it. The future of OM coin still hangs in the balance with some predicting a recovery while others still harboring uncertainty.
OM Coin News Analytics from Mon, 22 Aug 2022 19:33:09 GMT to Sat, 10 Jan 2026 15:55:20 GMT -
Rating -6
- Innovation -5
- Information 6
- Rumor -8
