MANTRA, which stands for OM, has recently made major headlines due to its sudden and catastrophic drowning. In one hour, the token lost 88% of its true value. This triggered a wide-scale panic, and people started speculating more about an exit scam. Meanwhile, MANTRA developers claimed that the rebound was a natural part of the process.
Earlier this week, the token plunged headlong. The rising token cascaded from the $6.30 spot to just the $0.52 mark. The interesting thing is that it all happened in a matter of a few hours. Afterwards, the price slightly surged and stabilized at $0.82.
On the other end of the spectrum, we have speculations about reckless liquidation. In other words, it was believed that this crashout resulted from a sharp price correction due to major liquidation.
Many analysts did their own research and found that the token crashout was triggered for several reasons, but cannot fail to notice the semblance to an earlier, similar crashout. If the trajectory is similar, there is a high chance that the OM crash might just be another exit scam.
