Mantra bounces 200% after OM price crash but poses LUNA-like 'big scandal' risk

Date: 2025-04-14

Mantra’s OM (OM) token staged a sharp rebound after plunging 90% over the weekend, following an active response from the project’s team addressing allegations of a rug pull scam.OM bounces 200% as co-founder addresses concernsAs of April 14, OM was trading for as high as $1.10, almost 200% higher when compared to its post-crash low of $0.37 a day prior. OM/USDT daily price chart. Source: TradingViewThe rebound came after Mantra addressed mounting rug-pull allegations. Co-founder JP Mullin reassured the community that the project remains active, pointing to the official Telegram group being “still online.”“We are here and not going anywhere,” Mullin wrote, also sharing a verification address to prove the team's OM token holdings. He attribut...

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