The market capitulation for the Mantra (OM), a Layer 1 project on the first level aimed at Real-World Assets (RWA) tokenization, has attracted considerable attention. The rather highly decorated project is now compared to the Tera Luna (UST) crash because of the similarity of the situation.
In addition, both projects had gained considerable confidence from both retail and institutional investors to scale to a market capitalization of more than $ 7.4 billion before they fell to around $ 782 million on Monday 14 April during the early European trade session.
Binance records the mantra -crash
With more than $ 71 million liquidated from the used to -markets in the last 24 hours, usually from Bybit, Binance stepped in to erase the air. Binance announced that Cross-Exchange Liquidation made an important contribution to the Om-Prijsscrash today.
According to Binance, the significant change also makes an important contribution to today’s capitulation. In addition, the Mantra team increased the circulating stock from 888,888,888 to 1,777,777.777.
In addition, the Mantra team has completed the delivery of closed and an annual inflation of approximately 3 percent to improve the rewards.
“Since October last year, Binance has implemented various risk management measures, including reducing lever levels, with regard to $ Turning. Since January of this year, Binance has also issued a pop-up warning for $ to inform users in his Likkomics,” noted.
What now?
After the sale of more than 43.6 million OM -Munten, worth more than $ 227 million earlier today, attention was shifted to the team allocation. Although the Mantra core developers have tried to reassure investors of a stable project, a repurchase of the secondary market is the only option to regain the trust of the users.
Moreover, the RWA space is growing rapidly and the competition is stiff for investors to be stuck in a poorly managed project in the midst of the expected Altese season.
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FAQs
Mantra (OM) crashed as a result of tokenomics changes, increased delivery and cross-Exchange liquidations, which led to a market capitalization from $ 7.4 billion to $ 782 million.
Recovery depends on a repurchase of the secondary market and a strong project management, as the RWA space becomes competitive.
