Mantra (OM) Down 90%: Comeback in Sight or Crypto Collapse?šØšØšØ
In just one week, Mantra (OM) nosedived from $6.41 to $0.69 ā a brutal 90% drop that left the community stunned. While rumors flew about a rug pull or redenomination, the team blamed automated liquidations and thin liquidity on exchanges.
Despite the chaos, 50% of OMās supply is still staked and TVL holds strong at $342M. But with $199M in borrowing risk and weak price action below $1, recovery wonāt come easy.
Mantra's next move? A planned token burn and a $109M fund to rebuild trust. But the real question is: Can they deliver before itās too late?
High risk. High uncertainty. Eyes on the next move.
$OM
#om #Write2Earn! #PowellRemarks #CanadaSOLETFLaunch #MetaplanetBTCPurchase
In just one week, Mantra (OM) nosedived from $6.41 to $0.69 ā a brutal 90% drop that left the community stunned. While rumors flew about a rug pull or redenomination, the team blamed automated liquidations and thin liquidity on exchanges.
Despite the chaos, 50% of OMās supply is still staked and TVL holds strong at $342M. But with $199M in borrowing risk and weak price action below $1, recovery wonāt come easy.
Mantra's next move? A planned token burn and a $109M fund to rebuild trust. But the real question is: Can they deliver before itās too late?
High risk. High uncertainty. Eyes on the next move.
$OM
#om #Write2Earn! #PowellRemarks #CanadaSOLETFLaunch #MetaplanetBTCPurchase
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