The capitalization of the cryptocurrency Mantra (OM) released in the leading network to tocenize assets collapsed by $ 5.61 billion in a matter of hours.
The Mantra course began to quickly fall on April 13 at 19:00 in Moscow and by 22:00 decreased by 94%, decreasing from $ 6.162 to $ 0.368. Thus, the market capitalization of coins decreased from $ 5.97 billion to $ 360 million. Then there was a rebound, thanks to which OM went up more than three times, but the rising trend was quickly exhausted, and the cost of token went down again.
However, the creators of Mantra rejected the accusation of fraud. The co -founder of the startup John Mullin explained the collapse of the price of Mantra “reckless closing the positions of OM owners, initiated by centralized exchanges.” Apparently, he has in mind that trading platforms eliminated orders for the purchase and sale of Mantra, which, in conjunction with low liquidity, led to powerful perturbations in the market. John promises to tell why and how it happened in a report that is already being prepared.
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Source: Cryptocurrency
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