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$OM – Team Speaks Out After 90% Crash
OM Price: $0.674 (-6.99%)
After a massive 90% drop, the team behind Mantra ($OM) has finally responded. According to the co-founder, the crash was mainly caused by "reckless forced closures" made by centralized exchanges (CEXs), which affected accounts holding OM.
This heavy sell-off triggered panic across the market, causing quick liquidations and breaking major support levels within minutes. The team’s statement may help rebuild trust and begin a recovery phase.
Key Point:
This crash wasn’t just natural market movement — it was a chain reaction caused by actions from centralized platforms. Now, all eyes are on whether OM can stabilize and climb back above key levels.
