Mantra bounces 200% after OM price crash but poses LUNA-like 'big scandal' risk

The OM price bounce appears eerily similar to what Terra's LUNA witnessed after its 99% crash in May 2022.

Mantra’s OM (OM) token staged a sharp rebound after plunging 90% over the weekend, following an active response from the project’s team addressing allegations of a rug pull scam.

As of April 14, OM was trading for as high as $1.10, almost 200% higher when compared to its post-crash low of $0.37 a day prior.

OM/USDT daily price chart. Source: TradingView

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