@coinphoton
OM, the native cryptocurrency of the Mantra tokenized asset blockchain, has dropped over 90% within 24 hours, falling from $6.3 to below $0.50, wiping out its market cap from $6 billion. Some traders suspect this could be the biggest rug pull since LUNA/FTX. However, the exact cause remains unclear. Co-founder JP Mullin denied the allegations, stating the team's tokens are still under management. Mantra claims the price crash was caused by reckless liquidations, not team actions.
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