Pi Network, Grayscale’s Altcoin Shake-Up
This week in crypto recorded several key events across various ecosystems that will continue shaping the industry.
From major partnerships to investment decisions and scam allegations, the following is a comprehensive roundup of crypto news this week.
Mantra Crash: From Billion-Dollar Hype to Fragile Liquidity
This week in crypto Mantra’s powering token lost $90% of its value amid allegations of insider dealing and liquidity fragility. Once hailed as a rising star in the RWA (real-world asset) narrative, OM’s collapse wiped out over $5.5 billion in value.
Reports revealed a disturbing pattern of concentrated wallet activity and low liquidity pools, which made OM highly vulnerable to sudden exits.
