JP Mullin, the founder of Mantra (OM), a company that is currently the subject of manipulation allegations and has witnessed a sudden price fall, stated that the details of the token burning program are about to be finalized and the acquisition program is also being implemented.
The price of Mantra has recently fallen sharply, losing 90% of its value and wiping out 5 billion dollars from its market value, as some large whales liquidated. The price of this token has not recovered and is currently trading around 0.69 dollars.
However, OM has witnessed a partial recovery since JP Mullin’s latest announcement, with the price of this token rising from $0.62 to the current level of $0.69, but still significantly lower than the pre-fall level of around $6.
Users can benefit by steering clear of this altcoin, as it has claims of manipulation, volatility, and high risk, including loss of capital. It’s also important to remember that all cryptocurrencies come with high risks.
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