RED FLAG? MANTRA'S TVL JUMPED 500% AS OM PRICE COLLAPSED
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✍️ Mantra's RWA blockchain protocol saw a 500% increase in total-value-locked (TVL) despite a 90% price crash of OM, with millions of dollars being deployed during the crash.
👉 Mantra's TVL surged 500% to 4.21 million OM (~$3.24 million) despite OM's 90% price crash 👉 Aggressive buying on crypto exchanges during the crash amounted to $35 million worth of OM purchases 👉 97% of Mantra's TVL growth came from Mantra Swap, the protocol's native decentralized exchange 👉 Mantra's FDV of $1.88 billion dwarfs the TVL of $3.24 million, suggesting potential overvaluation
-- #DOM #JamesBitunix #technology
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