The crypto world was hit with another shocking moment as Mantra's OM token suffered a devastating crash, plunging from $6.30 to under $0.40 in mere hours.
(Source Trading View)
This rapid drop wiped out more than $6.2 billion in market value, sending shockwaves throughout the community.
What Just Happened?
With no official explanation yet, traders and investors are scrambling for answers.
Speculation is running wild, and many are comparing this collapse to some of the worst crypto events in history, such as the LUNA crash and the FTX meltdown.
Some voices in the space are calling it a potential rug pull, though there's no confirmation of foul play. One concerned investor commented,
“If the team doesn’t speak up, OM could go to zero.”
Is It Over for OM?
The silence from the Mantra team has only added to the uncertainty. Until a clear statement is made, the future of OM hangs in the balance. If this is a technical glitch or temporary issue, clarity is urgently needed.
Stay Updated
We’re actively monitoring the situation and will share real-time updates as soon as more information is available.
In the meantime, exercise caution, especially if you’re holding or trading OM.
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