Mantra Price Crash: Unpacking On-Chain Data Behind Market Sell-Off

The cryptocurrency market is known for its volatility, and recent events surrounding the Mantra (OM) token have showcased this point. On April 14th, OM experienced a dramatic price plunge, dropping below $1. This sharp decline sparked questions and speculation within the crypto community. Was it early investors cashing out? Were there underlying fundamental issues at play? Or was something else entirely responsible for the market sell-off? On-chain analytics firm Glassnode stepped in to provide clarity. Their data-driven analysis sheds light on what truly fueled this Mantra price crash.