MANTRA Token Plunges After Sudden Market Crash, Blaming Centralized Exchanges for Liquidations

The MANTRA (OM) token experienced a sharp and unexpected decline of over 90% within two hours on Sunday evening UTC, raising concerns about the future of the project. Despite initial denial from MANTRA, an official statement pointed to negligence or market manipulation by centralized exchanges as potential triggers for the sudden price drop. The timing and severity of the crash suggest a lack of proper warning or coordination from these partners, causing significant losses for investors. MANTRA highlights its commitment to responsible operations within the blockchain ecosystem while emphasizing that tokens remain locked and subject to vesting periods. The company is confident in its long-term vision despite this recent market turbulence. However, OM investors were left devastated by the sharp decline and are calling for explanations from the MANTRA team.