Altcoins News
By Julie Binoche
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The collapse of the MANTRA (OM) token has left many investors grappling with significant losses, as the value of the token plummeted by 90% in a short period.
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One of the major factors contributing to the OM collapse was its flawed tokenomics. In 2024, the team behind MANTRA made significant changes to the token’s supply structure.
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Another red flag was the unusual price patterns that OM exhibited before the crash. Despite a broader market downturn, the token’s price experienced abnormal spikes and flat…
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Liquidity gaps are another important factor to consider. Before the crash, OM’s fully diluted valuation (FDV) reached an astronomical $9.
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Whale movements and large transfers into exchanges can also act as warning signs. In the case of OM, several large transfers were made from wallets linked to the team into…
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Finally, the involvement of centralized exchanges (CEXs) in the collapse of OM remains a point of debate.
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In conclusion, the MANTRA (OM) collapse serves as a cautionary tale for cryptocurrency investors.
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