#Mantra(om)
Today Trdae

$0.45-$0.04(-8.80%)

This follows a significant downturn in April, where OM's price plummeted over 90% in a single day, wiping out more than $6 billion in market capitalization . In response, the project's founder initiated a token burn, destroying 300 million OM tokens to reduce supply and attempt to restore investor confidence .CCN.com+4The Street+4Forbes+4TechBullion+3The Street+3CoinDesk+3

Despite these efforts, OM's price remains volatile. Analysts have noted that the token's Market Value to Realized Value (MVRV) ratio has entered undervalued territory, suggesting potential for recovery if market sentiment improves .CCN.com

If you're considering trading OM today, it's crucial to stay updated with real-time market data and be aware of the associated risks.