MANTRA

Bitcoin briefly topped $94,000 following Strategy’s largest investment since July, but investor risk appetite remained muted even after the widely expected US interest rate cut.

JP Mullin urged OM token holders to withdraw from OKX, alleging the exchange had not communicated with Mantra about the incoming token migration, resulting in inaccurate dates.

The real-time analysis of blockchain wallet activity is shaking up crypto's power dynamics, shifting influence toward those who can decode onchain behavior and weaponize transparency.

Mantra has cited broader industry factors as contributing to the recent collapse of its OM token, with CEO John Mullin calling on exchanges to reassess their leverage policies.

Crypto firms are entering Wall Street with stocks and equities offerings, showing the “growing synergy” of the traditional investment and digital assets sectors.

Blockchain analysts can provide clues in investigating the Mantra’s OM crash, but definitive conclusions would require a full forensic study, according to a CertiK executive.

The blockchain’s founder will burn 150 million OM tokens, reducing the total supply to 1.67 billion, with another 150 million from “key ecosystem partners” to also be burned.

Mantra’s OM token crash exposed “critical” crypto liquidity concentration issues, which may have exacerbated the coin’s collapse on Sunday, April 13, according to Bitget CEO Gracey Chen.