The waters are not calming down in the cryptocurrency markets. According to the last minute change, the #mantra ($OM ) token, which is traded on leading exchanges such as Binance, experienced a sharp decline of up to 90% in a very short time.
This sudden and deep loss of value, causing great panic among the currents, was translated into the reasons behind these disappointments in the eyes.
MANTRA (#om ) has almost evaporated
Why is MANTRA (OM) falling: Its massive decline!
Source: CoinMarketCap
According to the available information, the team that holds a significant portion of the token supply is behind the sharp decline in the OM token. Shortly after the team in question announced their words about the project, a suggestion came about a remarkable move.
According to the allegations, the team released the large amount of OM tokens they owned into the market almost simultaneously. This mass sale seriously disrupted the supply-demand balance in the market and caused the price to crash.
Experts emphasize that such movements can lead to large price fluctuations, especially in projects with low liquidity. This situation also carries serious risks in economic terms.
Mantra investors are currently in the results; the power trust in the project has been seriously shaken. There is a question mark showing how the price will currently follow a course.
By constantly following the developments, it will be possible to reach a clearer picture with the official statements to come.
