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The recent OM collapse at MANTRA has left the community confused. In a series of instant drops, $5.5 billion was erased.
MANTRA’s OM token has collapsed, and it has left the community confused. In a series of instant drops, $5.5 billion was erased. According to several analyses, the incident was caused by one trader manipulating two exchanges.
This whole incident highlights the fragility of many token projects. Despite an ostensibly huge market cap, a comparatively tiny amount of liquidity triggered a complete collapse.
Exploring the OM Crash
When MANTRA’s OM token collapsed earlier this week, it left a huge number of unanswered questions. It sparked allegations of foul play, and rumors of insider activity have dogged the company since.
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