Best Crypto to Buy Now as OM Token Crash Sparks New Investor Hunt
The post Best Crypto to Buy Now as OM Token Crash Sparks New Investor Hunt appeared on BitcoinEthereumNews.com.
In news that further complicates matters for crypto as it struggles to maintain market momentum, Mantra’s OM token has nosedived 90% following controversy surrounding an alleged insider sell-off. The token, once celebrated for its efforts to tokenize real-world assets and its partnerships with Google Cloud and Dubai’s DAMAC Group, has now sharply declined. Certain users on social media claim that the development team or the associated market-maker may be responsible. With OM losing ground, the hunt is now on to find the best crypto to buy now – a project with a stronger team, better upside potential, and the ability to reignite investor confidence. Mantra is Fundamentally Strong, Says Mantra Team The fall of Mantra from $9 to $0.50 shows clear signs of investors being rugged. As crypto influencer ZachXBT bluntly put it: “There’s no question it was a heavily manipulated token via MMs / supply control.” The project seems to have followed a “vanishing” trend amidst current market conditions. However, that hasn’t stopped some believers from standing by it, especially given its past partnerships with global tech giants, which helped it establish a sense of legitimacy. One user, Skoobie, said on Telegram: “The fun part is that people who don’t hold a single $OM are screaming loudest of all. This dump made a lot of people happy I think, so they have something to talk about like experts in their boring life. See you guys in 6 months when MANTRA is above 6 dollars where it was 👋🏼👋🏼” And now, the Mantra PR machine has kicked in to salvage the situation. JP Mullin, Mantra Chain’s co-founder, said on X that the OM market movements were triggered by “forced closures initiated by centralized exchanges on OM account holders.” He stated the team is not responsible for the crash and added,…
Filed under: News - @ April 14, 2025 5:23 am