This Is The Reason Why Mantra Price (OM) Decreased By 90%

We sincerely hope that if you are a holder of Mantra this morning, you are no longer. This is entirely because the price of OM has fallen 90%, from over $6.10 to below $0.60. In the past hour, the price has recovered back to $1.00. But, what happened? Let's find out. A cryptocurrency analyst compared this to the collapse of Terra Luna. According to them, the Mantra team has liquidated their entire token allocation. This accounts for about 90% of the total circulating tokens. They also deleted the official Mantra Telegram group. As a result, about $3.5 billion in market value vanished within a few hours.

The Mantra team insists the project remains strong. They said today's collapse stemmed from a "reckless liquidation" and had nothing to do with the project itself. They insist their group is not responsible for the dump. They promised to investigate soon and share more details about what really happened.

What Does This Mean for Investors These opposing stories raise serious concerns. A 90% fall in price in one day indicates that something serious has happened. While the group blames external liquidation, many market watchers do not believe this explanation. This collapse reminds us how risky investing in cryptocurrency can be, especially with newer tokens. Projects can fail rapidly, and retail investors often bear the brunt of the losses. Mantra holders are currently facing uncertainty. They have to wait to find out the real cause of this significant price fall and wonder if their investment can recover. The coming days will reveal whether this is just a temporary crisis or the end of the project.