MANTRA Chain's $5B Collapse Raises Questions About Industry Practices
MANTRA Chain's $5B Collapse Raises Questions About Industry Practices
🚨 The $5B Elephant Nobody Mentions
The MANTRA Chain ($OM) ecosystem experienced a catastrophic 90% collapse, resulting in a $5 billion loss. Key developments:
- Crypto analyst @HEDigitalAssets, who predicted the collapse, cited permanent reputation damage and team incompetence
- Co-founder @jp_mullin888 addressed transparency concerns in a recent interview
- Weekend liquidity issues may have amplified the token's downward spiral
The incident raises broader questions about transparency and risk management in crypto projects. Industry observers note similar practices may be prevalent in other protocols.
This event serves as a crucial reminder about due diligence in crypto investments.
After $OM's 90% collapse, co-founder @jp_mullin888 joined us to share what went wrong @MANTRA_Chain and whether they were transparent enough with token holders To answer that question, we asked another: What does it *really* mean to be transparent with a token in crypto?
Just a few weeks ago @MANTRA_Chain suffered a $5 billion collapse and everyone seems perfectly content ignoring it Could that be because of the uncomfortable things it says about what other crypto projects are also doing? WATCH: Our full deep-dive into the $OM collapse 🔽
The crypto analyst @HEDigitalAssets who predicted the $OM collapse DID NOT HOLD BACK on why he's staying away from it: "I personally probably would stay away from this one because of permanent reputation damage and clearly I would say an incompetent team"
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