Mantra price loses momentum as whales sell, gets o
Mantra price loses momentum as whales sell, gets overbought
Mantra’s price rally started to lose momentum as some whales began selling their tokens after it became highly overbought. Mantra (OM) token rose to a record high of $4.5260 on Monday before pulling back slightly to $4.3. It remains one of the best-performing cryptocurrencies, having soared by almost 20,000% over the past 12 months. This surge has brought its market cap to $3.8 billion. Mantra’s rally followed a teaser from its developers about an important upcoming announcement. While no specific details were provided, speculation suggests the news could involve a significant partnership with a large company. This anticipated announcement comes a month after Mantra launched its mainnet, enabling developers to build tokenized projects in industries such as real estate and finance. While similar capabilities exist on other blockchains like ..
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