$OM
MANTRA (OM) Coin Update – April 20, 2025
Current Price: $0.56
24h Change: -8.58%
24h High/Low: $0.61 / $0.55
Market Cap: $539 million
Circulating Supply: 963 million OM
24h Volume: $214 million
What Happened Recently?
On April 13, 2025, OM coin crashed over 90%, falling from around $6.30 to $0.50. This sharp drop was triggered by the movement of 43.6 million OM tokens (worth approx. $227 million) to crypto exchanges, raising concerns about liquidity and possible insider dumping.
(Source: CoinMarketCap)
MANTRA Team's Response
To restore community trust, MANTRA CEO John Mullin announced that the team will burn 300 million team tokens—these were originally scheduled to unlock between 2027 and 2029. While this step is meant to show commitment, some community members are skeptical about the long-term intentions.
(Source: CoinTelegraph)
Technical Analysis & Future Prediction
Technical analysts note a "bear pennant" pattern forming, indicating a potential further price drop. Some analysts predict OM could go down to $0.05 if trust isn’t restored and selling pressure continues.
(Source: FXEmpire)
Conclusion
OM is under extreme pressure right now.
If you’ve already invested, monitor news and team actions closely.
If you’re considering investing, do thorough research and understand the risks before proceeding.
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