⇘ OM Coin: A Turbulent Journey Towards Recovery
Mantra's OM coin , a digital asset listed on Coinbase, has experienced a significant decrease in value, with its price dropping by 90%. This...
The crypto market in the early phase of 2026 showcased a mix of significant events, with OM coin at the center. The OM coin and its affiliated platform, Mantra, experienced a traumatic market period with drastic price fluctuations.
OM coin saw a massive 90% crash that hugely affected its market liquidity, causing a stir in the crypto market. Allegations of fraudulent activities were stirred amidst this plunge. On their part, the Mantra team attributed the crash to exchange liquidations which led to an eroded market cap and, subsequently led to the team's decision to implement a comprehensive burn program.
This downward spiral led to drastic measures and announcements such as founder's commitment to burn $80M of his own tokens and a later introduction of a $25M buyback scheme. The OM network upgrade received support from major exchanges like Binance, signalling attention from market leaders. Amid the unfortunate incident, Movement Labs and the Mantra scandal disrupted the overall crypto market-making activities.
The market also experienced an influx of other coins and tokens such as JPM Coin and the anticipated Trump coin. Controversial discussions revolved around the legality of Trump putting his face on the US Mint dollar coin. Filecoin and CRO coins also made appearances with live price pulses in the market. Charts showed a bearish sentiment as Bitcoin also fell again.
OM Coin News Analytics from Mon, 22 Aug 2022 19:33:09 GMT to Wed, 31 Dec 2025 09:00:00 GMT - Rating -8 - Innovation -6 - Information 5 - Rumor -3