Mantra (OM), one of the top 30 altcoins before the drop, lost over 90% of its value in today’s sudden blood loss.
It was alleged that the loss in value was due to sales by the development team. After this, the Mantra development team denied the allegations of sales and said:
“We want to assure you that MANTRA is fundamentally strong. Today's activity was triggered by reckless purges that had nothing to do with the project. We want to be clear: this was not the work of our team. We are investigating the matter and will share more details about what happened as soon as possible.”
The Mantra community leader had sparked criticism by saying that the developers were unaware of the drop because it was night time in Hong Kong. There is still uncertainty about the OM token and cryptocurrency users should be very careful.
*This is not investment advice.
