The Mantra (OM) Crash Shook Up the Crypto Market, But BlockDAG (BDAG) Is Making Its Own Noise

There is no such thing as a quiet week in crypto. The Mantra (OM) crash shook traders across platforms after a rapid 90% dive in value, leaving liquidations and questions in its wake.

There's never a dull moment in the crypto sphere. This week saw a rapid decline in Mantra (OM) sparkled widespread attention, while interest in Ripple (XRP) surged again as a new ETF initiative took center stage. In other news, BlockDAG (BDAG) is making waves with an incredible 600% bonus code: BDAG1200.

As Mantra (OM) plummets 90% in a single day, a massive token dump is evident, and Binance provides insight into the cross-exchange liquidations that contributed to the Mantra crash. The impact of the OM token dump is clear, with a staggering $227 million being sold by 17 wallets just prior to the drop.

Mantra Crash: A Devastating Blow

The Mantra crash has sent shockwaves through the crypto community, with nearly 90% of OM's value evaporating in a single 24-hour period. The cross-exchange liquidations and a sudden increase in supply are largely to blame, as Binance explained in a recent statement.

However, despite Binance's efforts to control risk with leverage limits and warnings about OM's tokenomics in its support articles, over $66 million was liquidated in 12 hours.

While BNB was not directly affected by the crash, the incident raises broader questions about token oversight and market safeguards, especially as several major platforms are now integrating advanced derivatives and financial products.

XRP Price Could Soar 597% to $15 as ETF Activity Booms

Recent speculation around ETF approvals has brought renewed interest in the XRP price. Analyst Zach Rector has presented a case that a $4 billion XRP ETF inflow could lead to a 597% rise, potentially bringing the XRP price to $15.

This calculation is based on a market cap multiplier model, which Rector applied to historical moments where even small inflows significantly boosted valuation.

At present, the XRP price hovers around $2.07, and if ETF activity becomes significant by year-end, a larger move could be on the table. However, some remain cautious due to past delays in altcoin ETFs.

Optimism remains high following Brazil's approval of a spot XRP ETF and a growing list of U.S. firms, including Harvest Exchange and SolidX, applying for the product.

Get a 600% Bonus For A Limited Time Only

BlockDAG presale is still going strong, and the hype has reached fever pitch with the exclusive BDAG1200 code offering a staggering 600% bonus for a limited time only.

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This has led to a surge in demand for BDAG coin, pushing the crypto presale past $215 million. More than 19.2 billion coins have been sold since the presale opened, and it’s now running through batch 27 fast

Many are now calling it the top crypto to buy while this bonus offer remains open.

The limited-time 600% bonus will expire soon, so savvy traders are lining up to grab their share of BDAG before the opportunity fades. A $1,000 grab right now transforms into $7,000 of BlockDAG on using the code BDAG1200.

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Even without the 600% bonus, the return for $1000 worth of BDAG would still be impressive at over $806,000. But who wants to settle for hundreds of thousands when millions are on the table?

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