Before the plummet, Mantra (OM), which was one of the top 30 altcoins, had lost over 90% of its value in today’s sudden blood loss.
It was claimed that the decline in value was due to the sales by the development team. Following this, the Mantra development team denied the claim of sales and stated the following:
“We would like to assure you that MANTRA is fundamentally strong. Today’s activity was triggered by reckless liquidations that have nothing to do with the project. We want to be clear about one thing: this was not the work of our team. We are investigating the matter and will share more details about what happened as soon as possible.”
The Mantra community leader caused criticism by stating that developers have no news of the dump because it is night in Hong Kong. There is still uncertainty regarding the OM token, and cryptocurrency users need to be very careful.
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