MANTRA’s OM token crashes over 90%, team rejects dumping claims

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The om code of 90 % talisman was shattered on Sunday.
It is claimed that the accident has eliminated more than $ 10 billion in market value, with demands that the team holds 90 % of the offer.

Om, the original symbol of the ecosystem of the logo, up to 90 % in just four hours, erasing billions in its market value, according to the data that followed on Binance.

The price of om fell from above 6 dollars to $ 0.37 on April 13, as it eliminated almost all of its gains since its height from $ 0.0158 in January 2024. The symbol reached its peak at 9 dollars earlier this year.

At the time of reports, OM was traded with more than $ 0.6, about 93 % of its highest level fell ever.

Although the cause of the sharp decline has not been confirmed yet, speculation indicates the project that is likely to empty the distinctive symbols.

Dustin McDaniel, the leadership of a talisman community, on the project’s telegram channel, addressed that the main team is aware of society’s concerns and works to respond. The Telegram Group in the project is currently closed in front of the new members.

Mantra denied its involvement in OM TOKEN by 90 %, and blamed the “reckless liquidation” for the sudden decrease. In an official statementThe team said that the sale was not operated internally and pledged to share more details soon.

A talisman is a major player in the real asset code space (RWA). The project gained attention through partnerships with Google Cloud and DAMAC GROUP in Dubai.

This is a developing story.