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
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.
That is a good recovery plan, but not sure if the project itself will gain the trust back because it really looks like some entities did a p&d type of thing.
Or it is just a rug pull, but the timing though, it seems that the entities knows what he or she is doing and at at right time, dump everything and make a nice money and get away from this project.
So for me, I will stay away from it and not buying the explanation, period.