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TL;DR Mantra's collapse shock: The OM token crash knocked over $5.5 billion off the market by plummeting over 90%, exposing severe risks from poor transparency and centralized control practices. Warning for Pi Network: Top analyst Dr.
Following Mantra's catastrophic OM token crash, analysts urge the Pi Core Team (PCT) to adopt greater transparency and caution.
The entire crypto space is worried about the collapse of the Mantra OM token, which recorded a massive plunge of 95% in price. However, everyone in the crypto community is putting up the various allegations of Insider selling, Rug Pull, Big scam, and Lack of Transparency from the Mantra team.
Yesterday, the price of the Mantra OM token collapsed. Many believed it was the end, but instead it seems that the situation is more complex and less problematic compared to the worst-case scenarios.
On April 13, the price of the Mantra (OM) token plummeted from $6.30 to below $0.50, marking a loss of over 90% in a single day. This event wiped out more than $6 billion from Mantra's market cap and shocked the crypto community.
Blockchain intelligence platform Lookonchain says that tokens of the real-world asset (RWA) crypto project Mantra (OM) worth hundreds of millions of dollars were transferred to digital asset exchanges before a massive price crash.
MANTRA, one of the most well-known & reliable Real-world asset tokens, has suddenly crashed by 95% in a span of just a few hours. This unexpected drop has raised concerns across the crypto space. Prominent Crypto analyst Dr.
Following Mantra's sudden collapse, analysts have warned Pi Network's developers that transparency issues could expose Pi to similar risks.
The OM token crash saw $6 billion lost in value in just 30 minute yesterday. The Terra Luna like collapse has left the investors questioning if all of this was planned. The community notes that there were warning signs that were ignored which led to this massive loss.
The crypto market faced a big shock as MANTRA (OM) crashed by more than 90% in a single day, drawing comparisons to the infamous Terra LUNA collapse. But what's even more worrying is that OM isn't showing any signs of bouncing back.
MANTRA (OM) token crashed 94% amid liquidations and alleged insider actions, with CEO denying wrongdoing and outlining recovery plans including buybacks.
After a 94% crash in MANTRA's price, OM currently trades at $0.618, up 3.71% today. Let's explore OM price prediction and if there's a chance of a 50% rebound after the recent crash.
Arthur Cheong, the founder of DeFiance Capital, has warned of growing cryptocurrency price manipulation, describing the trend as a serious danger to investor trust amid Mantra and Story Protocol token crashes. In an Apr.
Waking up to see a 90% crash of a crypto project is no fun.Especially if we're talking about one of the top RWA projects. Because that's exactly what happened.
Mantra has just gone through a crash that has wiped out most of its value. Here's how on-chain metrics have changed during this collapse.
In the wake of the jarring incident around Mantra, community members are calling for Pi Network to glean valuable lessons from the black swan event. Pseudonymous cryptocurrency analyst Dr Altcoin wants the PiCoreTeam (PCT) to establish key guardrails to prevent a repeat of the OM incident for the Pi Network.
Binance, one of the worlds largest cryptocurrency exchanges, is expanding its trading lineup with the addition of three new spot trading pairs: BABY/EUR, ONDO/TRY, and PAXG/USDC. The announcement, made via Binances Chinese official X account, also confirmed that trading bot services will be enabled for the new pairs to enhance the trading experience.
Mantra CEO John Mullin addressed the recent collapse of the OM token in an AMA session.
Yesterday, MANTRA (OM) suffered a staggering 90% crash, and it's still spiraling down today. Most notably, OM charts and indicators seem as bad as the 2022 Terra LUNA collapse, if not worse.
Ondo Finance (ONDO) is showing renewed strength, up more than 4% in the last 24 hours, with trading volume jumping nearly 13% following the collapse of MANTRA's OM token. This shift in capital appears to be favoring other RWA-focused projects like ONDO, which is now gaining momentum across several technical indicators.
As the dust settles from the recent crash of OM, the native token of the Mantra blockchain, speculation and finger-pointing continue to ripple through the crypto community. The token lost nearly 90% of its value in a single day, plummeting to as low as $0.50 before stabilizing slightly at $0.66 at the time of writing.
OM token's sudden crash unleashed widespread cross-exchange liquidations, prompting a swift Binance response as traders faced halted profits and escalating concerns over tokenomics integrity.
Story token has experienced major volatility, which caused concerns over a repeat of the Mantra crash.
Blockchain investigator ZachXBT has spotlighted two individuals, Reef Finance founder Denko Mancheski and X user Fukugo Ryōshu, as potentially linked to the sudden 90% crash of Mantra's OM token on April 13.
