Mantra refuses to $ 0.4, deletes daily winnings because traders are still looking for answers

Mantra failed to use today’s market, deletes earlier gains due to the negative feeling.

Weeks after the Mantra collapse (OM) Token, users continue to ask for answers about what happened. On Friday, 9. May, Om, despite 2.09%, despite the wider raby market square, trading 0.3667 dollars and deleting its earlier gains.

Earlier during the day, the token climbed to a daily tall part of $ 0.3923, suggesting the potential for break. However, that is now trading underneath and 10-day and 20-day simple selic averages, which stand at 0.46614 USD and $ 0.4666, respectively.

If the mantra can return and maintain those levels, it would signal a possible change in swing. For now, however, technical indicators and sensitive investors weigh at the token, suggesting that the turner is unlikely in close time. Instead of burglary, OM quickly pulled, continuing a permanent decline that lasted for weeks.

Investors are still looking for answers to mantra of 95% drop

Token Token continued from a sharp collapse 13. April, when the Mantra, a token for funds in the real world, suddenly lost 95% of its value. While the team initially blamed exchanges for poor liquidity management, Internet investigators shared a different narrative.

Several bad on chain, including Chose and Orchain lenses, is highlighted Big movements from the landlords for exchange. Although it is not definitive proof of the sale of insider, many in the community believe that this has happened.

Raising further concerns states that the Mantra team controls up to 90% of the token supply. According to Orchain lenses, this level of control has allowed the team to artificially pump the price for months.

In response to collision and growing supervision, the Director General John Mullin promised to burn 150 million to Token Matches, part of the team of the farm. With a circulating offer of 1.66 billion, burns would only be located below 10% of the total Token offer.