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Mantra's OM Token Crashes 90%, Losing \$5.4 Billion
Mantra's OM token crashed over 90% last Sunday, losing \$5.4 billion in market cap after 17 wallets moved \$227 million worth of tokens to exchanges Binance and OKX in preceding days, triggering a liquidity crisis and forced liquidations; comparisons to the Terra/LUNA collapse abound.
Mantra's OM Token Crashes 90%, Losing \$5.4 Billion
Mantra's OM token crashed over 90% last Sunday, losing \$5.4 billion in market cap after 17 wallets moved \$227 million worth of tokens to exchanges Binance and OKX in preceding days, triggering a liquidity crisis and forced liquidations; comparisons to the Terra/LUNA collapse abound.
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