↓ Turbulent Times Ahead: A dive into OM Coin's Recent Crisis
Mantra's OM Coin has been the talk of the crypto town recently with its downward spiral which resulted in a 90% plunge, triggering accusations of...
Recent reports indicate a mixture of highs and lows for OM Coin. On one hand, alarming news suggest that the price of this cryptocurrency has plunged by 90%, stimulating accusations of fraud and sparking fears of it becoming the next cryptocurrency catastrophe. This sudden drop has led to layoffs at MANTRA and a massive decrease in the value of its token, OM, which is now trading at 99% below its peak. In response to this situation, MANTRA's founder decided to burn $80 million worth of his own tokens. Regarding the future, however, there are mixed opinions with some predicting the recovery of OM Coin while others wonder if it's game over. Certain controversial moves by Mantra, such as the $25 million OM token buyback program and the unexpected burning of 300 million tokens, are fuelling these speculations.
Despite the tumult, OM Coin is still attracting attention. Binance has declared its support for the MANTRA (OM) network upgrades while others stand by reasons to invest in OM Coin. Regulatory disputes, primarily with OKX, are also affecting OM Coin's market position, with the latter accusing Mantra of misleading its token holders. As the dust settles, crypto market liquidity, insider sell-offs, and exchange liquidations are coming under scrutiny as potential reasons behind Mantra's OM token crash.
OM Coin News Analytics from Mon, 22 Aug 2022 19:33:09 GMT to Thu, 22 Jan 2026 14:10:00 GMT - Rating -5 - Innovation -3 - Information 0 - Rumor -7