Trust in crypto shaken by Mantra collapse, but XRP ETF sparks institutional optimism, analysts say
While Mantra’s downfall has deepened market skepticism, XRP’s likely inclusion in a spot ETF offers a contrasting wave of optimism for traders, Santiment’s analysts say.
The sentiment in the crypto market remains deeply polarized as the collapse of the Mantra (OM) project raises concerns about trust, while the growing prospects for an XRP (XRP) exchange-traded fund inject optimism into the space, analysts at Santiment note.
In a recent research report, the analysts argued that OM’s downfall has “introduced new waves of doubt just as confidence was beginning to return,” drawing comparisons to the LUNA crash, which devastated the market in 2022.
“While no hard evidence of fraud has surfaced, the…
