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Mantra's OM Token: A Cautionary Tale of Volatility
2025-04-14 10:30:10
Technology
Finance
Economy

Mantra's OM Token: A Cautionary Tale of Volatility

The recent surge and subsequent crash of Mantra's OM token highlights the fragility of cryptocurrency markets. After a staggering 90% drop, the token rebounded sharply, raising concerns among analysts about a potential 'big scandal' reminiscent of the LUNA crisis.

Major exchanges like Binance and OKX have responded, attributing the crash to forced liquidations and warning users of tokenomic changes. Despite the Mantra team blaming centralized exchanges for the turmoil, on-chain analysts point to suspicious activity linked to the team itself.

The situation underscores the risks inherent in crypto investments and the need for vigilance among traders. As predictions of further declines loom, the volatility of OM serves as a reminder of the unpredictable nature of digital assets.

The press radar on this topic:

Cointelegraph.com News
14. April 2025 um 09:44

Mantra bounces 200% after OM price crash but poses LUNA-like 'big scandal' risk

Mantra's OM token rebounded 200% after plummeting 90% over the weekend following allegations of a rug pull scam. The project's team addressed concerns, but some analysts suspect a 'big scandal' similar to Terra's LUNA debacle in May 2022. The token's structure and price action mirror LUNA's post-crash behavior, with chartists predicting OM could plunge another 90%. OKX CEO Star Xu has called the crash a 'big scandal', promising relevant reports. The rebound may be a bull trap pattern.
Crypto.news
14. April 2025 um 07:44

OM 90% price crash: Binance and OKX responds to OM crash

Major crypto exchanges Binance and OKX have responded to the recent 90% price crash of the Mantra (OM) token. Binance attributed the crash to cross-exchange liquidations and said it had warned users about changes in OM's tokenomics. OKX CEO Star called it a 'big scandal' and promised to investigate the on-chain data. The Mantra team claimed the crash was due to 'reckless forced closures' by exchanges, but on-chain analysts suggest it was triggered by a large deposit of OM tokens linked to the..
Cointelegraph.com News
14. April 2025 um 06:10

Mantra says one particular exchange may have caused OM collapse

Mantra's native token OM plummeted by 90% in value over two days, with its price dropping from $6.30 to below $0.50. The team behind Mantra attributes the collapse to centralized exchanges forcibly closing positions without notice, potentially causing a massive market disruption. Co-founder John Mullin claims that one particular exchange is to blame, but declined to name it, and denied theories of a rug pull or loan risk parameter change.
Crypto.news
14. April 2025 um 06:04

Mantra CEO blames 90% OM token crash on forced exchange liquidations

Mantra CEO JP Mullin attributes the 90% price crash of OM token to forced liquidations by centralized exchanges during low-liquidity hours. He denies any involvement from the Mantra team or investors in the sell-off, which erased over $5.5 billion in market capitalization. Independent analysts contradict this claim, suggesting that a large token deposit on OKX by a wallet linked to the Mantra team triggered the market panic.
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