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OM Faces Renewed Volatility After 300 Million Token Burn and Governance Shift Amid Market Caution
OM/USDT experienced notable volatility over the past 24 hours, with the price trading between 0.37 and 0.44 USDT and registering a decline of approximately 6–7%. Trading volumes remained elevated, with around 36 million OM traded and a slight majority of sell volume, reflecting ongoing market caution following recent extreme price swings.
The recent price decline and volatility appear primarily driven by continued market reaction to the significant events in April, when OM/USDT experienced a rapid 90% drop and high liquidation volumes. In the past week, MANTRA implemented a 300 million OM token burn, updated its governance model, transitioned to inflationary tokenomics, and added new external validators. However, no major news or fundamental catalysts have been reported in the last 24 hours, and current trading activity seems to be influenced by technical factors, liquidity considerations, and lingering effects from the earlier market shock. The asset’s monthly and yearly performance remains negative, and participants are closely monitoring for signs of stabilization or further volatility.
OM/USDT experienced notable volatility over the past 24 hours, with the price trading between 0.37 and 0.44 USDT and registering a decline of approximately 6–7%. Trading volumes remained elevated, with around 36 million OM traded and a slight majority of sell volume, reflecting ongoing market caution following recent extreme price swings.
The recent price decline and volatility appear primarily driven by continued market reaction to the significant events in April, when OM/USDT experienced a rapid 90% drop and high liquidation volumes. In the past week, MANTRA implemented a 300 million OM token burn, updated its governance model, transitioned to inflationary tokenomics, and added new external validators. However, no major news or fundamental catalysts have been reported in the last 24 hours, and current trading activity seems to be influenced by technical factors, liquidity considerations, and lingering effects from the earlier market shock. The asset’s monthly and yearly performance remains negative, and participants are closely monitoring for signs of stabilization or further volatility.
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