Why Did Mantra (OM) Price Drop? - 05.09.2024

Mantra (OM) is a Tier-1 blockchain network designed to tokenize real-world assets in the Web3 ecosystem and make these transactions compliant with regulations. Mantra, which stands out for its regulatory compliance solutions, especially for DeFi projects, also has a governance token called OM. This token gives its holders voting rights in the governance and decision-making processes of the network.

Mantra (OM), which was among the day's top decliners in the last 24-hour period and at the time of writing, exhibited a negative movement of 5.9%. Mantra has continued to rise in the last 1 week, despite a decline in altcoins in general. Mantra, which has been among the rising ones in recent days, may be making a correction of this rise today. This situation may have caused Mantra to fall.