Mantra (OM) Price Drops 90%, Can Trust Be Rebuilt? Meanwhile, Web3 ai Proves Itself with Real Utility

In April, Mantra (OM) token price suffered a steep decline of over 90% from its peak of $6 to trade below $0.50. The fall was triggered by crypto exchange forced liquidations during a period of low liquidity.

To mitigate the pressure on OM, CEO John Mullin announced plans to burn 150 million of his personal OM tokens. Additionally, partners within the OM network are aiming to burn another 150 million tokens, setting a goal of 300 million tokens to be burned in total.

However, even after this announcement, OM is currently trading around $0.53, indicating that the market is still largely concerned about OM's recovery chances.

Analysts opine that while burning tokens might help in addressing the glaring supply concerns, the broader picture of transparency and improvement in the management of OM will be crucial for its long-term recovery.

Those interested in following OM's next steps should carefully assess its potential for a comeback while considering the issues that led to its collapse. It is advised to proceed with caution as the project tries to recover from the setback.

Also Read: Is TRUMP Coin A Scam? A Look At The Token’s Price Crash After Burning 40M Tokens

TRUMP Memecoin Price Slumps 30% As $328M Token Unlocks, Is A Recovery Likely?

TRUMP memecoin has been encountering significant price swings as it faces new challenges. The cryptocurrency slid by 30% after 40 million tokens, valued at roughly $328 million, were unlocked and sold into the market. This event sparked concerns about increasing supply and potential selling pressure.

However, the coin staged a small rally following a social media post which teased an exclusive dinner for the top TRUMP token holders. But the recovery was short-lived as the coin continues to be plagued by instability.

Analysts suggest that the coin's fragility arises from its limited use and the fact that a small group controls a large portion of the total supply.

Those considering investing in this memecoin should be aware of its unpredictable nature and the inherent risks involved. It is crucial to understand the factors driving the TRUMP token price before making any investment decisions.

Web3 Ai Presale Is Live From $0.003 With 1747% ROI Potential

Web3 ai has launched a complete AI toolkit that gives users an edge in the market. Most people juggle between apps and headlines, but this project puts all the tools in one smart place. It has 12 advanced tools already working, like scam scanners, auto-trading bots, risk tracking tools, and pricing prediction engines.

These tools get fresh data from social media, exchanges, and blockchain networks, helping users react quickly and make smart decisions. Behind these tools are AI systems like LSTM, NLP, and deep learning that process signals into valuable insights. Access to these tools comes through the WAI coin.

Web3 ai’s presale started at just $0.0003 in Stage 1 of 50 stages. The final presale stage price is $0.003267, and the listing rate is locked at $0.005242. This sets up a 1747% return for those who buy WAI in Stage 1.

This platform isn’t future talk, it’s already running. Web3 ai doesn’t promise what it won’t deliver.

This platform isn’t future talk, it’s already running. Web3 ai doesn’t promise what it won’t deliver.

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Read More: Top 4 Performing Crypto Picks Right Now

The post Mantra (OM) Price Drops 90%, Can Trust Be Rebuilt After A Bio Massive Token Burn? appeared first on Benzinga.