The recent dramatic downturn of
OM Coin, or
Mantra, has caused significant concern within the crypto community. Despite soaring to high numbers, the cryptocurrency crashed by
90%, losing almost 99% of its value during 2025. This event has resulted in various allegations of fraud and misleadings some
holders to believe the cryptocurrency could be the next major catastrophe within the market.
In a bid to stabilise the market and instill hopes of a potential recovery, the founder of Mantra decided to
burn $80M of their personal tokens in the aftermath of this dramatic price drop. Additionally, Mantra announced a
$25M OM Token buyback program. Despite these efforts, OM Coin still struggled to recover after the April crash, instilling doubt within investors and raising red flags.
This dramatic price drop was attributed to a range of reasons, with the team blaming
OKX and
forced liquidations at one point. Despite this, the CEO of Mantra remains committed to the token's recovery, labeling it as a primary concern and claiming it is still in the early stages. The future of OM Coin remains ambiguous as investors continue to hold their breath.
OM Coin News Analytics from Mon, 22 Aug 2022 19:33:09 GMT to Sat, 07 Feb 2026 07:18:45 GMT -
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