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

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.

OM bounces 200% as co-founder addresses concerns

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.

The rebound came after Mantra addressed mounting rug-pull allegations.

Co-founder JP…