Hi Everyone 👋
Mantra gave an update last night, saying that OM Coin is a strong fundamental coin.
According to the owner, this was a liquidation game played by an exchange. He said he will prove how they rugged it. Now, if the founder of OM is able to prove this, then OM Coin can recover. But if he fails to prove it, the entire ecosystem will collapse, and no one will trust the Mantra team anymore.
It’s a different case from Luna Coin. In that case, they minted extra supply and dumped it. But this one is different.