Story Protocol Token Rebounds After Sudden 29% Drop Amid Manipulation Allegations

Wintermute’s April 14 report showed Bitcoin’s resilience during broader market decline, contrasting with troubling cases of token price manipulation. Story Protocol’s $IP token crashed 29% before rebounding, just a day after Mantra’s $OM collapsed 90%, raising questions about market integrity in newer tokens.
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Mantra Collapse Sparks Debate on Trust in DeFi, Says Analyst

Mantra (OM) token experienced a catastrophic DeFi collapse on April 13, losing 90% of its value and erasing $6 billion in market cap. Despite no confirmed hack, large token movements before the crashed raised suspicions of insider trading. Analyst Jean Rausis warned about overhyped Layer 1 blockchains suggesting a return to fundamentals like Ethereum.
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