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#OM This morning, the price of #om (MANTRA) Token fell from about $6.2 to a low of $0.37, with a market capitalization evaporating by over $6 billion.
This fall is due to a significant adjustment in the token economic model by the MANTRA team:
Supply doubled: An additional 888 million OM Tokens were added, bringing the total supply to 1.78 billion.
Unlimited inflation mechanism: shifting from fixed supply to unlimited inflation to support future growth and ecological incentives.
These changes have led to doubts about the value of the Token, causing investors to sell off, resulting in a price crash.
In addition, the team has been accused of selling a large amount of Tokens without prior notice to the community, further exacerbating market panic.
All so-called reasons are just excuses; the strong control pushes prices up like a bulldozer, with the aim of offloading. The project parties collude with market makers to harvest together, losing all sense of shame.
Official Response: Not the Team's Doing
In response to the sudden big dump, MANTRA's official statement released earlier around five o'clock stated that this was not caused by their team: "MANTRA Community - We want to assure you that the foundation of MANTRA is strong. Today's event ) fall ( was triggered by reckless liquidation and is unrelated to the project. One thing we want to clarify: this is not the doing of our team. We are investigating this matter and will share more details about the incident as soon as possible.