$MANTA #MANTA/USDT #Mantaupdate
📉Manta CRASHES AND PLUMETS IN VALUE💥
❗️Suspected Reason: DDOS ATTACK ON MANTA NETWORK❗️
The Manta Network (MANTA) has been facing some downward pressure on its price recently. As of February 4, 2024, MANTA was trading at $2.75, which marked a decrease of 7.03% for that day. Over the past week, the price had fallen by over 23%. The market capitalization stood at approximately $691.05 million based on a circulating supply of 251 million MANTA tokens.
One significant event that might have impacted MANTA’s price is a Distributed Denial of Service (DDoS) attack that the network experienced shortly after the token issuance. Such attacks can undermine investor confidence and lead to price declines as they can disrupt the normal functioning of the network.
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