Post
Topic
Board Altcoin Discussion
Re: What exactly happened to Mantra?
by
aioc
on 15/04/2025, 17:38:52 UTC

I'm expecting this coin to dump more maybe coming back to its price in 2021.

Checking the price it's pumping, and the developers have announced of a recovery plan. One of these is a buyback plan using the developers funds
Quote
The team is considering a buyback program. This means Mantra may start purchasing OM tokens from the market using their own funds, in order to boost demand and support the token’s value.
https://coinpedia.org/news/major-update-on-mantra-crypto-crash-heres-what-mantra-ceo-says/

But the bigger question here is how they are going to prevent this from happening again. The crash was deemed a rug pull, and if not for the early announcement of the developers, it will further go down.
Some investors are buying the developers explanation but I still think that its risky to trust this token, so only invest with money that you can afford to lose.