Mantra ($OM) has imploded -90% in an unprecedented MANTRA crypto crash, reportedly triggered by panic over forced liquidations.
The price of OM, the native token of Mantra’s real-world asset blockchain, plunged over 90 percent on Sunday in one of the most dramatic collapses of the year. Wallet activity leading up to the collapse adds further intrigue. On-chain data shows that in the days before the crash, millions of OM tokens were sent to centralized exchanges OKX and Binance. One address linked to Binance reportedly transferred over $36 million in OM to OKX in a sequence of moves that some now view as strategic positioning ahead of the collapse.
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