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Mantra chief executive officer JP Mullin claims OM's price crash was caused by forced liquidations by centralized exchanges. The price of Mantra (OM) plunged over 90% on Apr. 13, falling from around $6.30 to below $0.50 within hours.
The MANTRA crypto project is facing an unprecedented storm. Its native token, OM, has lost more than 90% of its value in a few hours, erasing billions of dollars in market capitalization.
The market capitulation for the Mantra (OM), a first-level layer 1 project focused on real-world assets (RWA) tokenization, has attracted significant attention. The previously highly decorated project has now been likened to the Tera Luna (UST) crash due to the similarity of the situation.
Crypto traders were reminded of Terra's LUNA early Monday as trendy real-world asset upstart Mantra's OM token dropped 90% within hours on no sudden catalyst — with conspiracy theories and allegations running abound among crypto circles.
Mantra (OM) price plunges by 90% because of "forced liquidations" according to the CEO.
MANTRA's OM token plunged over 90% in a day, erasing $6 billion and fueling suspicions of insider-driven misconduct. The post MANTRA Token Nosedives 90% in 24 Hours, Prompts Rug Pull Accusations appeared first on Cryptonews.
The crypto world was shaken as OM, the token of the MANTRA project, nosedived by over 90% in less than an hour, wiping out more than $6 billion in value.
Mantra's co-founder has denied any team involvement, pointing to forced exchange liquidations during a low-liquidity trading period.
The MANTRA (OM) token suffered a catastrophic price collapse on April 13, plummeting over 90% in under an hour and wiping out more than $5.5 billion in market capitalization.
Unchecked CEX actions risk market stability, highlighting the need for oversight to protect projects and investors from sudden dislocations. The post MANTRA co-founder says forced liquidations triggered OM token's 90% crash appeared first on Crypto Briefing.
The MANTRA crypto project is embroiled in controversy after its OM token crashed 90% on Sunday, with investors alleging an insider dumped its holdings, wiping out an estimated $5 billion in market value.
The Mantra team has addressed the crypto community following the Mantra (OM) token price crash of over 80% in the last 24 hours. Despite the statement, the community is still concerned that this might have been a rug pull by the team, which controls a huge amount of the token's total supply.
Mantra (OM) cryptocurrency plummets as team allegedly dumps tokens and deletes official communication channels. Market cap destruction reaches billions as investors scramble for answers.
Mantra, known as the second real-world asset token after Chainlink, nosedived over 90% over the past 24 hours. Here's what we know.
The OM token's crash highlights the volatility and trust issues in crypto markets, potentially affecting investor confidence and project credibility. The post MANTRA's OM token crashes over 90%, team rejects dumping claims appeared first on Crypto Briefing.
The sudden collapse of the token has reignited allegations that the Hong Kong-based team controls a large portion of the token's circulating supply.
Real-world asset token MANTRA (OM) lost 98% of its value today, and more than $6 billion vanished from its market cap in under 60 minutes, per data from CoinMarketCap. The crash took OM from nearly $6 to just $0.57 before most people even realized what was going on.
Update (4.13.2025 22:02:20): This article has been updated to provide updates from the Mantra teamThe price of the Mantra (OM) token, the native cryptocurrency of the Mantra real-world tokenized asset blockchain, has collapsed by over 90% in the last 24 hours. On April 13, Mantra fell from a price of approximately $6.3 to below $0.50 and shed over 90% of its $6 billion market cap.
The Real World Asset tokenization industry is growing, attracting major players like Franklin Templeton, BlackRock, and Blackstone. Cryptocurrencies in the space have performed well over the past few months, with their total market capitalization soaring to over $30 billion.
Most altcoins jumped on Thursday as the recent fear among market participants ended after the Liberation Day tariff's pause. These cryptocurrencies may continue doing well this year as Wall Street titans like Blackrock move deeper into the industry.
MANTRA Chain has launched the a $108.8 million investment fund to support high-potential blockchain projects focused on real-world asset tokenization. Blockchain Revolutionizes Finance MANTRA Chain has announced the launch of the MANTRA Ecosystem Fund (MEF), a $108.8 million investment initiative designed to accelerate the growth and adoption of projects within the MANTRA ecosystem.
Ondo (ONDO), Parcl (PRCL), Mantra (OM), OriginTrail (TRAC), and Clearpool (CPOOL) are five RWA altcoins worth keeping an eye on in April 2025.
MANTRA is planning to launch a $108,888,888 Ecosystem Fund to drive RWA innovation over the next four years and help accelerate projects in MANTRA's blockchain ecosystem.
TL;DR Mantra has launched the Mantra Ecosystem Fund (MEF) with $108,888,888 aimed at accelerating the growth of DeFi and real-world asset (RWA) tokenization projects. The fund will operate with an “open-arms” policy, supporting startups at any development stage over the next four years.
