The post Mantra Crypto Crashes: A Wake-Up Call for Pi Network Says Top Analyst appeared first on Coinpedia Fintech News
MANTRA, one of the most well-known & reliable Real-world asset tokens, has suddenly crashed by 95% in a span of just a few hours. This unexpected drop has raised concerns across the crypto space. Prominent Crypto analyst Dr. Altcoin has now issued a strong warning to the Pi Network team, urging them to learn from the Mantra crash and avoid making the same mistakes.
Mantra Crypto Crash by 95%
OM, the native coin of Mantra blockchain, that works to bring real-world things, like houses or land, onto the blockchain in digital form. It was seen as a trusted project and was even ranked in the top 25 crypto by market cap.
Perhaps things took a sudden turn, and in just one hour, OM’s price fell drastically from $6.10 all the way down to $0.38. Due to this, over $6 billion in value was lost, and many people in the crypto space lost their life savings.
Thus, Dr. Altcoin said this crash is a big warning for everyone in the crypto world. He warned the Pi Core Team (PCT) to take note of what happened with Mantra OM and make sure Pi Network avoids the same mistakes.
Warning for the Pi Network Team
Dr. Altcoin also gave a clear warning to the Pi Core Team (PCT), stating that Pi Network is transitioning from the Open Network to the Open Mainnet. That’s a big step and comes with more responsibility.
He urged the Pi team to speed up the development of safety features before making the big switch. As they move forward, they need to focus on more transparency, clear rules, and open communication with their users.
Community Response over Pi Network Warning
After Dr. Altcoin shared his warning about the Pi Network on X, many users gave their opinions. Some strongly believe that the Pi Core Team (PCT) would never do anything that could hurt their name or reputation.
One user said that Pi is not like other coins that suddenly rise and fall in price just to trick people. They said the team is still working on building useful things and steadily growing the network.
Another user added that the Pi team has been very quiet lately, but maybe that’s part of their plan. They believe the team might be focusing on their work and not ready to speak just yet.