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#OM This morning, the price of #om (MANTRA) Token fell from about $6.2 to a low of $0.37, with a market capitalization evaporating by over $6 billion.
This fall is due to a significant adjustment by the MANTRA team to the Token economic model:
Supply doubled: An additional 888 million OM Tokens have been added, bringing the total supply to 1.78 billion.
Unlimited inflation mechanism: Shift from fixed supply to unlimited inflation to support future growth and ecological incentives.
These changes have led to doubts in the market regarding the value of the Token, prompting investors to sell off, resulting in a price crash.
In addition, the team has been accused of a large-scale token sell-off without prior notice to the community, further exacerbating market panic.
All the so-called reasons are just excuses, as they forcefully push up prices like a bulldozer, with the purpose of unloading. The project parties collaborate with market makers to harvest, showing no shame.