🚨🚨MANTRA COLLAPSE🚨🚨
YOU WORE A HAT AND DIDN'T EVEN SEE WHERE THE WIND CAME FROM!😆😆😆😆😆
In one of the most dramatic episodes of the recent crypto market, the Mantra (OM) token plummeted over 90% in just 24 hours. The abrupt drop took the asset from around US$441,137,556,576.30 to less than US$441,137,556,570.50 on April 13, wiping out over US$441,137,556,576 billion in market value.
The collapse immediately raised comparisons to major scandals in the sector, such as LUNA and FTX. Traders and analysts labeled the episode as a possible "rug pull" — a term used to describe scams where developers abandon a project after inflating its value. The investor known as Gordon even stated: “The team needs to sort this out, or OM could go to zero.”
So far, there is no clear official explanation for what triggered the drop. The lack of transparency heightened the atmosphere of uncertainty, reigniting concerns about the security and governance of projects in the crypto space.
The Mantra case reinforces the importance of careful analysis before investing, especially in assets that rise rapidly without visible solid fundamentals.
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