OM Sees Over 41% Volume Drop After 160 Million Token Burn and Liquidation Event

OM/USDT experienced a modest decline over the past 24 hours, with prices ranging between approximately $0.3676 and $0.3867, reflecting a decrease of about 1–4.5% depending on the source and timing. Trading volume dropped sharply by over 41%, indicating reduced market activity, while technical indicators point to potential bullish divergence, suggesting possible price stabilization or reversal.

The recent price movement is primarily attributed to heightened volatility following a significant liquidation event, which led to short-term bearish sentiment and decreased trading activity. The MANTRA team's recent burn of 160 million OM tokens aimed to reduce circulating supply and followed notable exchange liquidations, drawing increased attention to token unlock schedules and market-making practices within the sector. No major external news was reported in the last 24 hours, and current market dynamics are largely driven by internal trading mechanics and technical factors rather than new fundamental developments. For the most up-to-date trading volume and market capitalization figures, direct reference to real-time exchange data is recommended.