Mantra team explains token OM collapse in report

Bitcoin, cryptocurrency, blockchain, ethhereum, altcoins, crypto market, cryptocurrency investment, cryptocurrency news, bitcoin price, market analysis, decentralized finances, NFT, tokens, digital wallet, cryptocurrency exchange, binancea mantra published a report on events of the day April 13 involving the token OM. The drop in the value of the asset was attributed to settlements in Centralized Exchanges (CEX). The CEO of the project has announced that he will burn his own tokens after the devaluation of the OM. On April 13, 2025, Startup Mantra's token OM suffered an abrupt 92% drop in less than an hour. The team responded to the wave of concern in the community, clarifying that the incident was caused by mass settlement in Centralized Exchanges (CEX), as detailed in the company's report.