MANTRA, one of the highly recognized and trusted Real-world asset tokens, has plunged sharply by 95% within only a few hours. This surprising decline has raised worry across the crypto market. Well-known crypto expert Dr. Altcoin has announced a serious alert to the Pi Network team, telling them to learn from the Mantra crash and not repeat the same mistakes.
Mantra Crypto Plunge by 95%
OM is the main coin of the Mantra blockchain, which aims to put real-world things, like houses or land, onto the blockchain as digital assets. It was considered a reliable project and was even ranked in the top 25 cryptocurrencies by market value.
Conceivably, things took a quick change, and in only one hour, OM’s price dipped sharply from $6.10 down to the level of $0.38; because of this, above $6 billion were wiped out, and many investors in the crypto market have lost their important money of life savings.
Hence, Dr. Altcoin said that this crash is a serious alert for the whole crypto world. He also alerted the Pi Core Team (PCT) to pay attention to what occurred with Mantra OM and ensure that certain Pi Network to not repeat the same mistakes.
Serious Alert for the Pi Network Team
Dr. Altcoin also issued a serious alert to the Pi Core Team (PCT), saying that Pi Network is moving from the Open Network to the Open Mainnet. This is an important change and comes with greater responsibility.
He also encouraged the Pi team to accelerate the development of security features before undergoing the big transition. As they continue, they should focus on being more transparent, having clear rules, and communicating openly with their users.
Public Reaction Over Pi Network Alert
After Dr. Altcoin issued his alert about the Pi Network on X, most of the users expressed their views. Some Users deeply think that the Pi Core Team (PCT) would never take any action that could damage their name or public image.
One user said that Pi is different from other coins and quickly changes in price to deceive people. They mentioned that the team is still focused on creating useful things and slowly expanding the network.
Another user said that the Pi team has been silent recently, but that might be part of their strategy. They think the team may be focused on their work and not ready to talk yet.
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