MANTRA digital currency experiences a 90% price drop within an hour. Learn more about the sudden decline and its possible impacts.
In a surprising event, the price of the MANTRA digital currency (MANTRA) with the symbol OM faced a significant 90% drop in just one hour. This sudden plunge caused its market value to decrease from around $5.96 billion to less than $1.60 billion. According to the published chart, this unprecedented decline occurred despite a relatively stable trend in recent days. The main reason for this drop has not been identified yet, but analysts speculate that sudden selling pressure or market disruption may be one of the reasons. MANTRA is considered one of the active projects in the decentralized finance (DeFi) sector, and this drop may impact investors’ trust in similar projects.
