How has OM been trending recently? The latest response from the Mantra project is here!
The OM token has experienced extreme fluctuations in the short term, and the Mantra project has taken action in response to the crash, promising to release an analysis report and launch a buyback and burn plan.
The CEO proposed to destroy personal holdings to rebuild confidence. Despite the risks, if transparency and governance are enhanced, OM is expected to gradually restore investor trust.
However, issues such as high centralization and airdrop problems still need to be addressed; otherwise, it may be difficult to escape the shadow of the market, posing a risk of repeating past tragedies.
According to Binance market data, the current price of OM is $0.758. The 24-hour increase is 23.14%.
Since the early morning of April 14, the OM token has plummeted over 90% from above $6, hitting a low of around $0.37; subsequently, on the evening of April 15, it briefly rebounded to about $0.999 but faced resistance, falling back below $0.8. The recent price fluctuations of the OM token have attracted the attention of the entire market.
Latest response from the Mantra project
On the evening of April 15, Mantra co-founder JP Mullin stated that a post-event analysis report will be released within the next 24 hours, detailing the events that have occurred since early Monday morning (Asia-Pacific region) and verifying them with on-chain and off-chain data. After releasing this report, more information regarding the OM token buyback plan and the OM supply burn plan will be shared to rebuild market trust and demonstrate its long-term commitment to the OM token and the Mantra project.