🚨 $OM Token Crash – What happened? And what’s next for #mantra ?
The $OM token plummeted by over -90% in hours, wiping out billions in market cap.
Here’s what went down:
📉 The Crash
• Forced liquidations during low liquidity
• Price dropped from ~$6.30 to under $0.50
• Panic and distrust spread fast
🔍 The Response
• MANTRA launched an internal investigation
• Plan to #burn $170M in tokens to restore trust
• More transparency via live #Tokenomics dashboard
• Coordination with exchanges under way
As of now,$OM has recovered slightly (~$0.51) – but long-term confidence needs rebuilding.