OMCoinCrash

OM Coin (MANTRA), a rising project focused on real-world asset tokenization and decentralized finance, continues to attract attention with its dynamic price swings. As of June 6, 2025, OM is trading near $0.288, reflecting mild pressure amid broader market uncertainty.
🔍 Current Market Overview
In the past 24 hours, OM has ranged between $0.280 and $0.313, signaling indecision among traders. While volume remains moderate, momentum indicators suggest the asset is approaching a critical inflection point. The Relative Strength Index (RSI) sits at 26, pointing to deeply oversold conditions.
📅 Price Forecast for June 7, 2025
Short-term price movement appears range-bound with a slight downside bias. If OM holds current levels, we could see a bounce toward $0.292 to $0.298. However, if bearish pressure intensifies, the price could slip to $0.276 or even retest $0.270. Volatility may remain elevated as traders react to technical signals.
🛡️ Key Technical Levels
Support Zones: $0.276 (local), $0.270 (critical)
Resistance Zones: $0.292 (minor), $0.313 (major)
Holding above $0.276 could encourage a relief rally. A break below $0.270 may trigger fresh selling as confidence weakens.
⚖️ Market Sentiment & Strategy
Sentiment around OM is currently bearish but showing signs of exhaustion 😟. Oversold indicators suggest a possible short-term rebound, especially if market-wide sentiment improves. Traders are watching for a base to form, while long-term holders may view current prices as a potential accumulation zone.
A bounce above $0.292 could confirm a recovery
A breakdown below $0.270 may open the door to further losses
✅ Conclusion
OM Coin is nearing a critical decision point. Although immediate upside may be limited, deeply oversold readings offer a glimmer of hope for short-term bulls. Patience is key, and managing risk is essential in this low-liquidity environment.
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As of today, OM Coin (MANTRA) is trading around $0.3127. It’s had a slight dip, but nothing too dramatic—pretty typical for a coin in a cooling-off phase after recent activity.
Looking ahead to tomorrow, the price is expected to stay fairly stable, likely moving between $0.307 and $0.321. There’s no strong momentum in either direction right now, so we’re probably looking at another calm day of sideways movement.
From a technical point of view, OM looks a bit oversold, meaning it could bounce back slightly if buyers step in. But with no major news or events on the radar, a big move doesn’t seem likely.
In short:
Don’t expect big price swings tomorrow
Price might hover around $0.31
Market sentiment is neutral, leaning slightly cautious
If you're holding OM, this could be a good time to watch rather than act. If you’re thinking about buying in, you might want to wait for stronger signals before jumping in.
$OM #OMCoinCrash #BinanceAlphaAlert #altcoins

The CEO of Mantra (blockchain platform), John Mullin, announced a big move to regain trust after a huge crash of OM token on April 13. He said he is planning to burn 300 million of OM token which are in the name of Mantra team. It is a step to depict his commitment towards the project and the community.
300 Million Tokens on the Line
The stock Mullin wants to burn were originally set aside for the Mantra team and core contributors. This amount makes up 16.88% of OM’s total supply, which is around 1.78 billion tokens. These OM token were locked and scheduled for release between 2027 and 2029. Based on the current price of the currency at about $0.79, this team's share of coins are worth $236 million. Before the crash, they were valued at nearly $1.9 billion.
On 16 April, Mullin took to X (Twitter), saying:
"I decide to burn all of the OM token of my teams, and once we turn things to the other side, the community and investors can decide if I have gained their trust back."
Source: X
Why the Burn?
The OM token crashed from around $6.30 to $0.52, wiping more than $5.5 billion in value. The cause, according to Mantra, was reckless liquidations across multiple exchanges, not insider actions. Still, rumors are there in the market that the Mantra team controlled 90% of the supply and it manipulated the market. Mullin emphatically denied these allegations and stated that a full post-mortem will be released to the community.
His move to incinerate the team's tokens is straight out of a response to the community's rattled confidence. Some users have welcomed the move, as a strong gesture of accountability. However, others are worried. Critics like Ran Neuner, founder of Crypto Banter, said:
“It would be a mistake. We want teams that are highly motivated and incentivized. He further added it is definitely a good move, but it can decrease the team's motivation”.
To address both sides, Mullin suggested that the burn could be decided through a decentralized community vote, giving users the power to choose what happens next.
Plans for Recovery
Alongside the coin's burn proposal, Mullin shared details of a recovery plan already in motion. He said that Mantra is considering using its $109 million Ecosystem Fund to support OM’s price, possibly through currency buybacks and further burns. These steps are being taken for bringing back the stability for the project and demonstrating dedication towards the roadmap in the long run.
He also stated that the event of the token’s price collapse is not related with the actions taken by the Mantra team. OKX and Binance, are the two exchanges which were involved in the trading for the currency, they have also refused any wrongdoing. They said changes in tokenomics in October 2024 and market fluctuations as the causes of the sudden crash. As per the reports of coinmarketcap, the token has gained an increase of 28.82% after the announcement.
What is Next ?
Despite the massive hit, Mantra is trying to bounce back. The response by the community to Mullin’s actions will play a big role in the future prospects of the project. Whether or not the team's tokens are burned, the next few weeks will determine if this risky maneuver is sufficient to regain trust and infuse new vigor into the OM token.

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