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The sudden collapse of MANTRA's OM token has sent shockwaves through the crypto market but drove its derivatives trading volume up by an eye-popping 7,000% in just 24 hours.

This morning in the crypto markets, the umpteenth implosion occurred: the price of Mantra (OM) went from more than $6 to less than $0.6 in a matter of hours. In fact, the actual collapse lasted only 65 minutes, when it went directly from $5.2 to $0.48.

MANTRA, the Real-world asset token (OM), has suddenly crashed by 95% in just a few hours. The price dropped from $6.17 to only $0.42, wiping out more than 6 billion in market cap. Many investors lost most of their money, even their life savings.

Mantra (OM), a rising Real-World Asset (RWA) token, suffered a dramatic 90% price collapse over the weekend, plummeting from $6.31 to $0.70 in under an hour. The crash sparked outrage in the crypto community, with some users blaming Binance for the incident.

Mantra's OM (OM) token staged a sharp rebound after plunging 90% over the weekend, following an active response from the project's team addressing allegations of a rug pull scam.OM bounces 200% as co-founder addresses concerns As of April 14, OM was trading for as high as $1.10, almost 200% higher when compared to its post-crash low of $0.37 a day prior. OM/USDT daily price chart.

The Bitcoin price is gaining strength even better, as no CME gap was formed during the past weekend. The price broke out on Friday, retested the downtrend line over the weekend, preventing the CME gap.

The cryptocurrency exchange behemoth Binance has recently cleared the air around Mantra's price crash of over 90% in just a day. According to an X post by the exchange on Monday, OM price has crashed alarmingly due to massive cross-exchange liquidations.

Mantra (OM) collapsed a whopping 90% in the past 24 hours as doubts of a rug pull flooded the crypto market.

This looks like a rug pull in real time.

One of the most-talked-about events of the weekend in the broader crypto ecosystem was the massive crash of Mantra (OM), a Real-World Asset (RWA) protocol. Taking to its official X page, Binance exchange has explained the real reason behind the project's failures.

The OM token, native to the Mantra blockchain, suffered a severe market crash on April 13, dropping from around $6.30 to below $0.50 within a single day. According to CryptoSlate's data, this sharp decline wiped out more than $5 billion from its market capitalization, which nosedived from approximately $6 billion to just $530 million.

Mantra's OM token crashes 90% overnight to $0.70, wiping billions in value as team blames 'reckless' exchange liquidations rather than internal actions.

MANTRA's OM token crashed 90% as exchanges allegedly forced position closures, wiping billions in value amid controversy over pre-crash token movements.

After cruising along at a fairly stable range, north of $6 per token, $OM – a top-100 token – plunged over 90%. A token that had weathered much of the past month's turmoil was undone by too much centralization, with token liquidations prompting the sudden collapse.

J. Mullin, the CEO of Mantra, announced the recent crash was due to the actions of centralized exchanges, and not the result of insider selling. Despite this, in the days before the crash, several wallets linked to Mantra investors sold OM tokens on Binance and OKX.

Major crypto exchanges like Binance and OKX have reacted to the recent OM price crash, ensuring users that they will look into the situation and report their findings.

The project disclosed that the plunge was caused by 'reckless forced closures' initiated by centralized exchanges on OM account holders.

The drop in the Mantra (OM) price raised many eyebrows just before the week's trade. Mainly because Mantra was considered one of the fundamentally strong tokens and ranked number 1 in Real World Assets (RWA) tokens. In times when the markets are recovering from the latest bearish action, such events raise huge suspicion.

While the rest of the crypto market witnessed significant recovery, the Mantra (OM) price crashed, leaving traders with massive casualties. Within a few hours, the popular altcoin crashed by nearly 90%, leaving holders with losses.

The Mantra team has linked the recent drop in its OM OM token to unexpected position closures by centralized exchanges (CEXs).

April 14, 2025 06:43:26 UTC Mantra Crypto Crashes 90%: Reckless Liquidations or Insider Panic? MANTRA's OM token plummeted 90%, wiping out around $5 billion in market value amid insider sell-off allegations. The crash saw OM's price drop to $0.7748, down 87.66% in 24 hours, with a market cap of $751 million.

Story Highlights The live price of the Mantra token is . OM coin Price could reach a maximum of $2.0124 in 2025. With a potential surge, the Mantra price may go as high as $21.1016 by 2030. Mantra (OM) has been facing rough tides on its daily chart, resulting from insider sell-off allegations.

The team behind real-world tokenized asset blockchain Mantra says its native token's sudden 90% plunge was caused by exchanges forcibly closing positions without notice, with one currently unnamed exchange potentially to blame. On April 13, Mantra (OM) price dropped from $6.30 to below $0.50, rapidly shedding over 90% of its $6 billion market cap.

The Mantra (OM) token has suffered a staggering collapse, plunging over 90% in value within a mere 24-hour span. Trading at approximately $6 before the drop, the token bottomed out at $0.37 on April 13, 2025, before clawing back slightly to hover around $0.80 according to CoinMarketCap data.