๐จ Mantra Token Crashes 90% in 1 Hour!
$OM token from Mantra DAO suffered a massive plunge, dropping 90% in just one hour.
๐งจ The team attributes the sudden collapse to "reckless liquidations" โ likely due to overleveraged positions getting wiped out.
๐ The crash sent shockwaves through the community, sparking concerns about risk management and the stability of DeFi projects.
๐ Mantra is investigating the incident and reviewing its tokenomics and liquidation mechanisms to prevent future turmoil.
Stay safe and DYOR ๐๐