Mantra Blockchain’s OM token suffered a sharp price drop over the weekend, which the team attributed to reckless liquidations, dismissing speculation of a hack or rug pull. The token fell by 90 percent in value from $6 (roughly Rs. 515) to $0.70 (roughly Rs. 60.5), raising alarms across the crypto community.
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OM Token’s Sudden Plummet Stirs Rug Pull Fears, Mantra Blames ‘Sudden Liquidation’
