The Mantra’s stock market capitulation (OM), a first layer 1 project focused on the tokenization of active world (RWA), has drawn significant attention. The previously very decorated project was now compared to the Tera Luna (UST) accident due to the similarity of the situation.
In addition, the two projects had obtained significant confidence from retail and institutional investors to switch to market capitalization of more than $ 7.4 billion before moving to around $ 782 million on Monday, April 14, at the start of the European negotiation session.
Binance Take on Mantra Crash
With more than $ 71 million liquidated from the LEVE OM markets in the last 24 hours, mainly from Binbit, Binance intervened to clean the air. Binance announced that the liquidation between the exchange was a major contributor to the OM price accident today.
According to Binance, the significant change in tokenomics OM is also a major contributor to the capitulation of today. In addition, the Mantra team increased the OM circulation offer from 888,8888888 to 1,777777777 777 years.
In addition, the Mantra team has decapped OM supply and introduced an annual inflation of around 3% to improve stimulation rewards.
“Since October of last year, Binance has implemented various risk control measures, including reducing leverage, with regard to the $ OM token. Since January of this year, Binance has also issued a pop-up warning for $ OM on its trading page to inform users that the token has undergone significant modifications to its tokenomics increasing its supply, ”Binance noted.
What to follow?
After the sale of more than 43.6 million OM parts, worth more than $ 227 million earlier during the day, attention was paid to the team allowance. Although Core Mantra developers have tried to reassure investors from a stable project, a buy -back is the only option to regain user confidence.
In addition, the RWA space is growing rapid and the competition is steep for investors to be trapped in a poorly managed project in the middle of the planned season.
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Faq
The Mantra (OM) crashed due to the changes in tokenomic, the increase in supply and cross -liquidations, leading to a drop in market capitalization of $ 7.4 billion to $ 782 million.
Recovery depends on a buy -back of the secondary market and strong project management, because the RWA space becomes more competitive.
