Here’s How Crypto Traders Lost $400M With Mantra (OM) Massive Price Crash

While the rest of the crypto market witnessed significant recovery, the Mantra (OM) price crashed, leaving traders with massive casualties. Within a few hours, the popular altcoin crashed by nearly 90%, leaving holders with losses. Although the issues have been identified, the downfall remains, leaving a group of investors in a $400M loss and many others.

Amid the crypto market’s high volatility due to the US- China war, the Mantra price crash left investors with massive losses. This includes a group of 19 fresh crypto wallets or traders who moved 14.27M OM equivalent to $91M just three days before the crash.

Spotonchain X’s post revealed that these investors have scooped a massive OM tokens holding, i.e., 84.15M ($564.7M) from Binance just three days ago. Now, with the OM price crash, their remaining 69.08M OM are worth only $62.2M, leaving them in a staggering $406.3M loss.

Have you invested into $OM ??