Mantra Bounces 60% Following Recent Crash

Mantra, a Layer 1 (L1) blockchain focused on real-world assets, is bouncing back after its native OM token suddenly plunged by over 90% on Sunday, in what the team called “reckless forced closures initiated by centralized exchanges on OM account holders.” According to Coingecko data, OM is up by over 60% in the past 24 hours, but remains 85% below pre-incident levels. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant