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The Mantra (OM) token is under intense scrutiny after its recent 90% crash, and technical patterns suggest the pain may not be over yet. As of April 16, 2025, OM is forming a textbook bear pennant structure, a bearish continuation pattern that could result in another massive leg down.
After suffering a historic price collapse, Mantra's OM is making a remarkable comeback. The altcoin plunged over 90% on April 13, falling from $6.30 to under $0.50 in hours.
John Patrick Mullin, co-founder and CEO of Mantra, claims he'll burn his OM after the token's Sunday crash.
John Mullin, CEO of Mantra (OM) announced readiness to burn his share of the team allocation. He also hopes for a wider OM burn program to boost the token's value and repair the project's reputation.
Mantra CEO John Mullin has recently announced plans to burn all the team-held tokens to rebuild trust with the community after the Mantra (OM) token came crashing down, similar to the Terra Luna Crash, on April 13.
Following a major collapse, Mantra (OM) has surged 30% in a day, fueled by a token burn proposal from its CEO.
MANTRA's OM token rebounds 30% after a 90% crash as CEO pledges personal token burn and announces buyback plans to rebuild trust.
Pi Network's price falls 17% as community demands transparency after Mantra's collapse, with analysts warning of further drops without improved tokenomics and exchange listings.
Pi Network price is under heavy selling pressure today, April 16, as the community draws similarities between the project and the recent wrangles around Mantra (OM). The Pi Coin community now believes that the project can only avoid a similar fate by adopting transparency, which would secure listings on major exchanges like Binance and Coinbase.
Mantra is facing heightened scrutiny after its native token OM crashed over 90%, prompting CEO John Mullin to propose burning team tokens as TVL surged 500%.
The great OM turnaround? Mantra CEO's token sacrifice sparks rally but long-term trust rebuilding just begins.
In response to the recent Mantra (OM) crypto collapse, CEO John Patrick Mullin has proposed burning the team's OM tokens to restore investor confidence.
JP Mullin, CEO of Mantra, said he plans to burn his entire 772,000 OM token allocation in response to criticism over the project's recent collapse and insider activity allegations.
Mantra CEO John Mullin said he is planning to burn all of his team's tokens in order to win back the trust of the network's community following the sudden collapse of the Mantra (OM) token on April 13.“I'm planning to burn all of my team tokens and when we turn it around the community and investors can decide if I have earned it back,” Mullin posted to X on April 16.
Mantra CEO John Patrick Mullin has proposed burning his allocation of OM tokens in a move aimed at restoring investor confidence after the protocol's native token suffered a sharp collapse. Mullin said his tokens, part of a broader 300 million OM allocation earmarked for the team, are subject to a cliff until April 2027.
Project co-founder John Patrick Mullin promised to share a "post-mortem report detailing the events" that caused MANTRA's token to collapse.
Cardano creator Charles Hoskinson has weighed in on the recent dramatic collapse of trendy real-world asset upstart Mantra's OM token, underscoring ADA's stability over the years amid serious concerns of a major hack or rug pull in the Mantra ecosystem.
The total-value-locked (TVL) on Mantra's RWA blockchain protocol reached a yearly high despite OM's 90% price crash.Mantra TVL surges 500% following OM's crash As of April 15, Mantra's TVL (in OM terms) jumped to 4.21 million OM (~$3.24 million), an increase of over 500% from two days prior, according to data resource DefiLlama. Mantra's cumulative TVL chart.
Mantra, a popular real-world asset tokenization coin that collapsed by over 90% in 24 hours, bounced back after a statement by the founder and as investors bought the dip.
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. The post Mantra Collapse Sparks Debate on Trust in DeFi, Says Analyst appeared first on Cryptonews.
Mantra's collapse showcases the looming liquidity issues that could be a risk for many more smaller tokens.
The cryptocurrency market remained subdued on Friday, struggling to sustain momentum despite a brief recovery earlier in the week. Bitcoin struggled to hold above the $85,000 mark. The global cryptocurrency market cap stands at $2.69 trillion, down 0.93% in the past 24 hours. Total market volume over the same period fell 11.05% to $79.
The cryptocurrency project Mantra is coming under increasing suspicion after its OM token shed 90% of its value within a single day. The value dropped from $6.27 to only $0.72, erasing more than $5 billion in market value.
The recent collapse of the Mantra (OM) token triggered comparisons to the infamous Terra ecosystem crash in May 2022, with some commentators referring to Mantra as the “next Terra.” Still, many in the community argue that the two projects share nothing in common besides visual similarities in price charts.
