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💎 $OM (Mantra DAO) – Undervalued Gem
💥 $OM Alert Incoming 💥
📊 EMA: Price hugging 20 EMA — showing stability
📈 RSI: Balanced — clear path to upside
🧱 S/R Levels:
✅ Strong floor around $0.25
🚧 Resistance at ~$0.28–0.30
🎯 Trade Setup:
🔹 Entry: $0.255–0.258
🔹 Target: $0.28–0.30
🔹 Stop-loss: below $0.25
🧠 Built on DeFi governance & DAO strength — this is disciplined analysis, not speculation.
❓ Will $OM reclaim $0.30 in the coming sessions?
#OM #MantraDAO #UndervaluedGem #CryptoSetup #Write2Earn
💥 $OM Alert Incoming 💥
📊 EMA: Price hugging 20 EMA — showing stability
📈 RSI: Balanced — clear path to upside
🧱 S/R Levels:
✅ Strong floor around $0.25
🚧 Resistance at ~$0.28–0.30
🎯 Trade Setup:
🔹 Entry: $0.255–0.258
🔹 Target: $0.28–0.30
🔹 Stop-loss: below $0.25
🧠 Built on DeFi governance & DAO strength — this is disciplined analysis, not speculation.
❓ Will $OM reclaim $0.30 in the coming sessions?
#OM #MantraDAO #UndervaluedGem #CryptoSetup #Write2Earn
Mantra DAO ($OM ) Price Update — August 16, 2025
OM is trading at $0.2556, up +2.1% today with nearly $39M in 24h volume. Short-term forecasts point toward the $0.27–$0.28 range, while some bulls see OM heading for $0.35–$0.40 by year-end as DAO and DeFi adoption expand.
Mood: Meditating on gains 🧘 — but keeping an eye on the charts.
#Binance #OMCoin #MantraDao #DeFi
OM is trading at $0.2556, up +2.1% today with nearly $39M in 24h volume. Short-term forecasts point toward the $0.27–$0.28 range, while some bulls see OM heading for $0.35–$0.40 by year-end as DAO and DeFi adoption expand.
Mood: Meditating on gains 🧘 — but keeping an eye on the charts.
#Binance #OMCoin #MantraDao #DeFi
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$OM really has potential?
Is there a chance for price increase to return?
Possibly, but not in this wave. 🤔
#MantraChain #MantraFinance #MantraDao
Is there a chance for price increase to return?
Possibly, but not in this wave. 🤔
#MantraChain #MantraFinance #MantraDao
Breaking News: #MANTRA Chain Achieves EVM Compatibility — Mainnet Launch Scheduled for September 2025
MANTRA, a Layer-1 blockchain focused on real-world asset (RWA) tokenization, has successfully achieved Ethereum Virtual Machine (EVM) compatibility. This critical milestone sets the stage for its mainnet launch next month.
Supported by a $20 million investment from Inveniam, MANTRA is positioned to bridge real-world assets with decentralized finance (DeFi) and institutional capital, unlocking new opportunities for asset tokenization and liquidity.
#om $OM #MantraDao
#DeFiGetsGraded
#BTCOvertakesAmazon
MANTRA, a Layer-1 blockchain focused on real-world asset (RWA) tokenization, has successfully achieved Ethereum Virtual Machine (EVM) compatibility. This critical milestone sets the stage for its mainnet launch next month.
Supported by a $20 million investment from Inveniam, MANTRA is positioned to bridge real-world assets with decentralized finance (DeFi) and institutional capital, unlocking new opportunities for asset tokenization and liquidity.
#om $OM #MantraDao
#DeFiGetsGraded
#BTCOvertakesAmazon
Mantra DAO ($OM ) Price Update 🚀
OM is now trading at $0.2838, up 3.42% in the last 24 hours, with a trading volume of $125.7M.
The market cap stands at $289.5M,
. Circulating & max supply: 1.68B OM.
About Mantra DAO
Mantra DAO is a DeFi platform focusing on staking, lending, and governance, built on RioChain and linked with Polkadot. The OM token powers the ecosystem, enabling governance, staking, and lending, with staking rewards as high as 88.8% APY.
Founded by John Patrick Mullin, Will Corkin, and Rodrigo Quan Miranda, the platform also features Mantra Pool giveaways and a karma protocol that rewards community contributions.
#Crypto #DeFi #MantraDAO #OM #Polkadot #Ethereum #BinanceAlphaAlert #BinanceAlphaAlert
OM is now trading at $0.2838, up 3.42% in the last 24 hours, with a trading volume of $125.7M.
The market cap stands at $289.5M,
. Circulating & max supply: 1.68B OM.
About Mantra DAO
Mantra DAO is a DeFi platform focusing on staking, lending, and governance, built on RioChain and linked with Polkadot. The OM token powers the ecosystem, enabling governance, staking, and lending, with staking rewards as high as 88.8% APY.
Founded by John Patrick Mullin, Will Corkin, and Rodrigo Quan Miranda, the platform also features Mantra Pool giveaways and a karma protocol that rewards community contributions.
#Crypto #DeFi #MantraDAO #OM #Polkadot #Ethereum #BinanceAlphaAlert #BinanceAlphaAlert
Onchain Arbitrage Example — OM Token
OM trades at ₹24.62 on the Base Chain and ₹24.38 on the BEP20 (BNB Chain). That’s a ₹0.24 difference, or about 0.98%.
A trader could buy OM on BEP20 at ₹24.38, bridge it to Base Chain, and sell at ₹24.62. After deducting bridge and gas fees, the leftover is pure profit. This is exactly how onchain arbitrage works — spotting small price gaps across chains and acting before they close.
Even a sub-1% gap matters if repeated at scale. The multichain world keeps creating these tiny windows for fast movers.
$OM #Arbitrage #BinanceWeb3 #MantraDao
A trader could buy OM on BEP20 at ₹24.38, bridge it to Base Chain, and sell at ₹24.62. After deducting bridge and gas fees, the leftover is pure profit. This is exactly how onchain arbitrage works — spotting small price gaps across chains and acting before they close.
Even a sub-1% gap matters if repeated at scale. The multichain world keeps creating these tiny windows for fast movers.
$OM #Arbitrage #BinanceWeb3 #MantraDao
Yes!
Thank you!
Thanks + Respect to Mantra Chain and it's solid & transparent community + supporters + @JP Mullin !
🫡❣️🫡❣️🫡❣️🫡❣️🫡❣️🫡❣️🫡❣️🫡❣️🫡
OM 🕉️ TO THE MOON AND BEYOND!!!!!!!!!
🌞 ❤️🔥 🚀 🌝 🌞 ❤️🔥 🚀 🌝 🌞 ❤️🔥 🚀 🌝 🌞 ❤️🔥 🚀
$OM #MantraDao #MantraChain
Thank you!
Thanks + Respect to Mantra Chain and it's solid & transparent community + supporters + @JP Mullin !
🫡❣️🫡❣️🫡❣️🫡❣️🫡❣️🫡❣️🫡❣️🫡❣️🫡
OM 🕉️ TO THE MOON AND BEYOND!!!!!!!!!
🌞 ❤️🔥 🚀 🌝 🌞 ❤️🔥 🚀 🌝 🌞 ❤️🔥 🚀 🌝 🌞 ❤️🔥 🚀
$OM #MantraDao #MantraChain
$OM – You Laughed at $0.22, It’s Almost $1 Now
You mocked me when I bought $OM at $0.22.
You said “dead coin.”
You said “slow mover.”
You said “scam.”
Now $OM is on the verge of a parabolic breakout, and you’re DM’ing me asking “Is it too late to buy?”
Let’s be real:
OM has one of the most loyal communities in the game.
It survived the bear market. It built through the silence.
And now it’s coming for blood.
📈 RSI reset.
📊 Clean breakout from descending wedge.
🔥 Huge buy walls spotted on-chain.
This isn’t hopium — it’s TA + community + perfect timing.
And if you’re still waiting for it to “dip again,” just know:
It already dipped.
You missed the cheap entries.
Don’t miss the next leg.
#om #altcoinseason #CryptoPredictions #Breakout
You mocked me when I bought $OM at $0.22.
You said “dead coin.”
You said “slow mover.”
You said “scam.”
Now $OM is on the verge of a parabolic breakout, and you’re DM’ing me asking “Is it too late to buy?”
Let’s be real:
OM has one of the most loyal communities in the game.
It survived the bear market. It built through the silence.
And now it’s coming for blood.
📈 RSI reset.
📊 Clean breakout from descending wedge.
🔥 Huge buy walls spotted on-chain.
This isn’t hopium — it’s TA + community + perfect timing.
And if you’re still waiting for it to “dip again,” just know:
It already dipped.
You missed the cheap entries.
Don’t miss the next leg.
#om #altcoinseason #CryptoPredictions #Breakout
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🌟🚀 OPPORTUNITY ALERT IN $OM ! 🚀🌟
Are you ready to ride the next bull wave? 🌊💥
Because $OM (Mantra) is about to take off, and the charts don't lie... 📈🔥
🔍 After weeks of silent accumulation, the price has just broken key resistances and is positioned above its main moving averages (MA7, MA25, and MA99), a clear signal of the start of a bullish trend! 📊✅
💎 MACD crossing upwards, explosive volume, and RSI in the expansion zone tell us one thing:
👉 The time is now!
🧠 While the market hesitates, the smart ones are positioning themselves. The price is still in the ideal entry zone ($0.27 - $0.28), with clear potential towards $0.32 – $0.40 in the short term.
⚠️ Opportunities like this don’t last long. We already saw it when $OM touched $0.39 a few weeks ago: those who entered early took home the prize! 🏆
📢 Don’t say we didn’t warn you. $OM is ready to take off, and you can be in first class.
#DYOR 🔍
#OM #Altcoins #CryptoTrading #bullish #MantraDao #criptoinversión #Binance
Are you ready to ride the next bull wave? 🌊💥
Because $OM (Mantra) is about to take off, and the charts don't lie... 📈🔥
🔍 After weeks of silent accumulation, the price has just broken key resistances and is positioned above its main moving averages (MA7, MA25, and MA99), a clear signal of the start of a bullish trend! 📊✅
💎 MACD crossing upwards, explosive volume, and RSI in the expansion zone tell us one thing:
👉 The time is now!
🧠 While the market hesitates, the smart ones are positioning themselves. The price is still in the ideal entry zone ($0.27 - $0.28), with clear potential towards $0.32 – $0.40 in the short term.
⚠️ Opportunities like this don’t last long. We already saw it when $OM touched $0.39 a few weeks ago: those who entered early took home the prize! 🏆
📢 Don’t say we didn’t warn you. $OM is ready to take off, and you can be in first class.
#DYOR 🔍
#OM #Altcoins #CryptoTrading #bullish #MantraDao #criptoinversión #Binance
OMUSDT
Perp
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#MantraDao the biggest drop this year
Mantra Dao (OM) from worth $8 to $0.3 today losing more than 83% of its price more than 6 billion disappeared overnight there will be great turbulence in the market today $BTC
Mantra Dao (OM) from worth $8 to $0.3 today losing more than 83% of its price more than 6 billion disappeared overnight there will be great turbulence in the market today $BTC
B
BNBUSDT
Perp
Closed
PNL
+1.10USDT
Mantra (OM), a cryptocurrency focused on Real-World Asset (RWA) tokenization, has experienced significant volatility in 2025. After reaching an all-time high of over $6 in early February, OM's price has since declined, currently trading at approximately $0.73.
Factors Behind the Price Surge
Several developments contributed to OM's earlier price increase:
Strategic Partnerships: Collaborations with entities like Google Cloud enhanced MANTRA's infrastructure, boosting scalability and security.
RWA Integration: MANTRA's initiatives in tokenizing real-world assets, including a $1 billion deal with DAMAC Group, positioned it as a leader in the RWA sector.
Ecosystem Expansion: The launch of the RWAccelerator program and securing an operational license in Dubai signaled MANTRA's commitment to global growth.
Reasons for the Subsequent Decline
Despite these advancements, OM's price faced downward pressure due to:
Technical Issues: A temporary API downtime in March affected investor confidence.
Market Volatility: Broader cryptocurrency market fluctuations influenced by global economic factors contributed to the decline.
Outlook
Analysts remain optimistic about OM's long-term prospects, citing its strong foundation in RWA tokenization and ongoing strategic initiatives. However, investors should remain cautious and monitor market conditions closely.
#om #MantraDao #WhaleMovements #BTCRebound #MarketSentimentToday $OM $PEPE $SHIB
Factors Behind the Price Surge
Several developments contributed to OM's earlier price increase:
Strategic Partnerships: Collaborations with entities like Google Cloud enhanced MANTRA's infrastructure, boosting scalability and security.
RWA Integration: MANTRA's initiatives in tokenizing real-world assets, including a $1 billion deal with DAMAC Group, positioned it as a leader in the RWA sector.
Ecosystem Expansion: The launch of the RWAccelerator program and securing an operational license in Dubai signaled MANTRA's commitment to global growth.
Reasons for the Subsequent Decline
Despite these advancements, OM's price faced downward pressure due to:
Technical Issues: A temporary API downtime in March affected investor confidence.
Market Volatility: Broader cryptocurrency market fluctuations influenced by global economic factors contributed to the decline.
Outlook
Analysts remain optimistic about OM's long-term prospects, citing its strong foundation in RWA tokenization and ongoing strategic initiatives. However, investors should remain cautious and monitor market conditions closely.
#om #MantraDao #WhaleMovements #BTCRebound #MarketSentimentToday $OM $PEPE $SHIB
Hello Binance Community,
$OM is currently navigating through a brief consolidation phase — a healthy and expected part of any asset's growth cycle. Despite this short-term stabilization, the project remains fundamentally strong, with consistent market interest and community support driving its long-term potential.
With these solid foundations in place, $OM appears well-positioned to regain upward momentum, with the $9 level once again within reach. As always, patience and careful market observation will be key for those looking to capitalize on future opportunities.
Stay tuned for more updates and continue to follow OM’s journey closely!
$XRP #xrpetf #om #MantraDao #EthereumFuture
$OM is currently navigating through a brief consolidation phase — a healthy and expected part of any asset's growth cycle. Despite this short-term stabilization, the project remains fundamentally strong, with consistent market interest and community support driving its long-term potential.
With these solid foundations in place, $OM appears well-positioned to regain upward momentum, with the $9 level once again within reach. As always, patience and careful market observation will be key for those looking to capitalize on future opportunities.
Stay tuned for more updates and continue to follow OM’s journey closely!
$XRP #xrpetf #om #MantraDao #EthereumFuture
Hello Binance Community,
$OM is currently undergoing a brief consolidation phase—a normal and healthy stage in any asset’s growth trajectory. This period of stabilization reflects market maturity and does not detract from the project’s strong fundamentals.
Backed by sustained market interest and a supportive community, OM remains well-positioned for long-term growth. With these strengths in place, the asset could soon regain upward momentum, with the $9 level once again emerging as a realistic target.
As always, strategic patience and diligent market observation will be essential for those aiming to capitalize on upcoming opportunities.
Stay connected for future updates and continue tracking OM’s progress with us.
#OM #MantraDAO #Xrp🔥🔥 #EthereumFuture #MarketUpdate
$OM is currently undergoing a brief consolidation phase—a normal and healthy stage in any asset’s growth trajectory. This period of stabilization reflects market maturity and does not detract from the project’s strong fundamentals.
Backed by sustained market interest and a supportive community, OM remains well-positioned for long-term growth. With these strengths in place, the asset could soon regain upward momentum, with the $9 level once again emerging as a realistic target.
As always, strategic patience and diligent market observation will be essential for those aiming to capitalize on upcoming opportunities.
Stay connected for future updates and continue tracking OM’s progress with us.
#OM #MantraDAO #Xrp🔥🔥 #EthereumFuture #MarketUpdate
🌍 MANTRA DAO ($OM ) – Stability in Volatility? 🤔$OM
💰 Current Price: $6.34
📈 5D Prediction: $6.41 (+0.35% 📊)
📉 1M Prediction: $6.13 (-4.10% ⚠️)
📉 3M Prediction: $6.07 (-4.98% ❌)
📉 6M Prediction: $6.16 (-3.60% ❌)
📉 1Y Prediction: $6.24 (-2.29% 😬)
With DeFi projects booming, will OM stay stable or break out? 🤔📊
🔔 Follow us for daily predictions! Let’s hit 5,000 followers for more updates! 🚀📊
#MantraDAO #OM #Crypto #DeFi #Blockchain
💰 Current Price: $6.34
📈 5D Prediction: $6.41 (+0.35% 📊)
📉 1M Prediction: $6.13 (-4.10% ⚠️)
📉 3M Prediction: $6.07 (-4.98% ❌)
📉 6M Prediction: $6.16 (-3.60% ❌)
📉 1Y Prediction: $6.24 (-2.29% 😬)
With DeFi projects booming, will OM stay stable or break out? 🤔📊
🔔 Follow us for daily predictions! Let’s hit 5,000 followers for more updates! 🚀📊
#MantraDAO #OM #Crypto #DeFi #Blockchain
Mantra (OM) Maintains 90% of Holders in Profit – Are Further Gains on the Horizon?
The cryptocurrency market has been under significant pressure as major altcoins continue to experience sharp downtrends following the November rallies. Ethereum (ETH), for example, has declined from its early December high of $4,000 to $1,878, triggering a broader correction across the altcoin sector.
However, despite the prevailing market downturn, Mantra ($OM ) has emerged as a standout performer. The token has registered an impressive 53% gain over the past 90 days, positioning itself as one of the best-performing assets in the space. This resilience has ensured that the vast majority of its investors remain in profit.
90% of Holders in Profit
According to recent data from CryptoRank, Mantra (OM) ranks second among the top 10 tokens with the highest percentage of profitable holders, with 90% of its investors currently in profit.
The primary driver behind this success has been OM's staggering 11,700% growth since January 2024, a performance that has significantly outpaced most other altcoins struggling under bearish conditions.
Are Further Gains Possible?
A technical analysis of OM’s daily chart suggests that the recent market-wide downturn led to a test of its 50-day Moving Average (50MA) support, as well as its ascending trendline support (highlighted in the green circle). However, the token has demonstrated resilience, rebounding above these levels to trade at $6.38.
Historically, similar 50MA support tests (marked in orange circles) have resulted in strong rebounds, often leading to significant price surges. If this pattern continues, OM could be on track to retest its all-time high (ATH) of $9.11, with the potential for further upside momentum.
However, holding the current support level is critical for sustaining a bullish outlook. A successful rebound could drive additional gains, while a breakdown below this key level could increase selling pressure, potentially leading to a retest of lower support zones.
Conclusion
Despite the broader market challenges, Mantra (OM) continues to outperform most altcoins, backed by strong technical support and historical price action favoring a bullish trajectory. As long as the 50MA support remains intact, OM could see further upward movement, making it a token to closely monitor in the coming weeks.
However, despite the prevailing market downturn, Mantra ($OM ) has emerged as a standout performer. The token has registered an impressive 53% gain over the past 90 days, positioning itself as one of the best-performing assets in the space. This resilience has ensured that the vast majority of its investors remain in profit.
90% of Holders in Profit
According to recent data from CryptoRank, Mantra (OM) ranks second among the top 10 tokens with the highest percentage of profitable holders, with 90% of its investors currently in profit.
The primary driver behind this success has been OM's staggering 11,700% growth since January 2024, a performance that has significantly outpaced most other altcoins struggling under bearish conditions.
Are Further Gains Possible?
A technical analysis of OM’s daily chart suggests that the recent market-wide downturn led to a test of its 50-day Moving Average (50MA) support, as well as its ascending trendline support (highlighted in the green circle). However, the token has demonstrated resilience, rebounding above these levels to trade at $6.38.
Historically, similar 50MA support tests (marked in orange circles) have resulted in strong rebounds, often leading to significant price surges. If this pattern continues, OM could be on track to retest its all-time high (ATH) of $9.11, with the potential for further upside momentum.
However, holding the current support level is critical for sustaining a bullish outlook. A successful rebound could drive additional gains, while a breakdown below this key level could increase selling pressure, potentially leading to a retest of lower support zones.
Conclusion
Despite the broader market challenges, Mantra (OM) continues to outperform most altcoins, backed by strong technical support and historical price action favoring a bullish trajectory. As long as the 50MA support remains intact, OM could see further upward movement, making it a token to closely monitor in the coming weeks.
🔺 MANTRA DAO ($OM ) - The DeFi Underdog?
$OM
💰Current Price: $7.09
📊Short-Term Target: $7.15 (+0.29%)
⚖️Mid-Term Outlook: $6.88 (-3.39%)
📉Long-Term Projection: $6.83 (-4.16%)
📉Bullish Peak: $6.93 (-2.72%)
🌕Estimated Average: $7.00 (-1.72%)
💎📢 Despite minor dips, OM continues to be a DeFi powerhouse. Will it rebound soon?
#MANTRADAO #OM #DeFi #CryptoTrading #Blockchain #Investing
$OM
💰Current Price: $7.09
📊Short-Term Target: $7.15 (+0.29%)
⚖️Mid-Term Outlook: $6.88 (-3.39%)
📉Long-Term Projection: $6.83 (-4.16%)
📉Bullish Peak: $6.93 (-2.72%)
🌕Estimated Average: $7.00 (-1.72%)
💎📢 Despite minor dips, OM continues to be a DeFi powerhouse. Will it rebound soon?
#MANTRADAO #OM #DeFi #CryptoTrading #Blockchain #Investing
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[OM Coin Analysis (MANTRA DAO): Opportunity or Risk?]
Hello crypto community! Today we will discuss OM (MANTRA DAO), one of the coins that focuses on the DeFi ecosystem.
What is OM?
$OM is the native token of MANTRA DAO, a community-driven DeFi platform built to provide services such as staking, lending, and borrowing. The main goal of MANTRA DAO is to create a more transparent and decentralized financial system.
Key Points About OM:
1. Use Case:
OM is used in the MANTRA DAO ecosystem for staking, voting in governance mechanisms, and access to other DeFi services.
What is OM?
$OM is the native token of MANTRA DAO, a community-driven DeFi platform built to provide services such as staking, lending, and borrowing. The main goal of MANTRA DAO is to create a more transparent and decentralized financial system.
Key Points About OM:
1. Use Case:
OM is used in the MANTRA DAO ecosystem for staking, voting in governance mechanisms, and access to other DeFi services.
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🤔 Mantra DAO involved in airdrop scandal, strong FUD from the community
The project that once increased 300 times from the bottom is being criticized for lack of transparency:
- Delaying airdrop of 50 million OM as the token price rises sharply.
- High bridge fees: Users have to spend $40 to receive Galxe rewards.
- Unilaterally changing criteria, removing 120,000 wallets without clear notification.
- The team holds 70% of the supply but proposes to double the total supply.
- Censoring information, deleting critical comments, avoiding questions from the community.
Users are calling for Binance to place OM in the "monitoring zone" due to manipulation risks.
Is it true that profit-taking is nearly done, now slowly releasing FUD to legitimize it, following the proper process?🫢
#Binance #MantraDao #OM
The project that once increased 300 times from the bottom is being criticized for lack of transparency:
- Delaying airdrop of 50 million OM as the token price rises sharply.
- High bridge fees: Users have to spend $40 to receive Galxe rewards.
- Unilaterally changing criteria, removing 120,000 wallets without clear notification.
- The team holds 70% of the supply but proposes to double the total supply.
- Censoring information, deleting critical comments, avoiding questions from the community.
Users are calling for Binance to place OM in the "monitoring zone" due to manipulation risks.
Is it true that profit-taking is nearly done, now slowly releasing FUD to legitimize it, following the proper process?🫢
#Binance #MantraDao #OM
🚨🚨 #MantraDAO 🚨 $OM 🚨🚨
🚨 NEW: Mantra’s OM token crashes by over 90% in just 24 hours! 😱
In a huge market shock, the price of OM, the native token of Mantra DAO, dropped from $6.30 to less than $0.50 in just one day. That’s a loss of over $5 billion in market cap. Here's what happened:
🔑 Key Takeaways:
The Crash: OM's price plummeted by 90% in a matter of hours — from $6.30 to a low of $0.37, though it’s recovering slightly now, sitting around $1.00.
What Caused It?: According to JP Mullin, co-founder of Mantra, this was due to “reckless liquidations” on centralized exchanges (CEXs) during periods of low liquidity, not any wrongdoing by the Mantra team.
Team's Stance: Mullin also reassured the community that Mantra's Telegram is still active, and no team-held OM tokens have been touched. The team is still committed to the project despite the setback.
Market Chaos: The crash led to over $50 million in liquidations in futures markets tied to OM. That's a huge shock to the market!
The Recovery: Despite the drop, OM has already bounced back by 200%, showing signs of potential recovery.
---
Mantra’s team is planning to connect with the community soon on X (formerly Twitter) to address concerns and provide more updates.
🚨 NEW: Mantra’s OM token crashes by over 90% in just 24 hours! 😱
In a huge market shock, the price of OM, the native token of Mantra DAO, dropped from $6.30 to less than $0.50 in just one day. That’s a loss of over $5 billion in market cap. Here's what happened:
🔑 Key Takeaways:
The Crash: OM's price plummeted by 90% in a matter of hours — from $6.30 to a low of $0.37, though it’s recovering slightly now, sitting around $1.00.
What Caused It?: According to JP Mullin, co-founder of Mantra, this was due to “reckless liquidations” on centralized exchanges (CEXs) during periods of low liquidity, not any wrongdoing by the Mantra team.
Team's Stance: Mullin also reassured the community that Mantra's Telegram is still active, and no team-held OM tokens have been touched. The team is still committed to the project despite the setback.
Market Chaos: The crash led to over $50 million in liquidations in futures markets tied to OM. That's a huge shock to the market!
The Recovery: Despite the drop, OM has already bounced back by 200%, showing signs of potential recovery.
---
Mantra’s team is planning to connect with the community soon on X (formerly Twitter) to address concerns and provide more updates.
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