Troubled decentralized finance (DeFi) platform Mantra released an official statement addressing the reasons for a 92% flash crash of its OM token on April 13.An April 16 announcement titled “Statement of Events: 13 April 2025” reiterates that the crash did not involve any token sales by the project itself, and the Mantra team remains fully functional and continues investigating the incident. Although Mantra CEO John Mullin previously said that the team was preparing a post-mortem, the new statement offered few new details about the reasons behind the rapid movement of OM tokens to exchanges and the subsequent liquidation cascade.

The Mantra (OM) token price has surged after founder JP Mullin announced plans for a massive token burn. Mullin clarified that he intends to burn his personal team token allocation and implement a “comprehensive burn program for other parts of the OM supply.

Real-world asset project Mantra plans to create a comprehensive burn program for its OM token, CEO John Mullin said in an X post Wednesday.

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.

TL;DR Mantra's collapse shock: The OM token crash knocked over $5.5 billion off the market by plummeting over 90%, exposing severe risks from poor transparency and centralized control practices. Warning for Pi Network: Top analyst Dr.

Following Mantra's catastrophic OM token crash, analysts urge the Pi Core Team (PCT) to adopt greater transparency and caution.

The entire crypto space is worried about the collapse of the Mantra OM token, which recorded a massive plunge of 95% in price. However, everyone in the crypto community is putting up the various allegations of Insider selling, Rug Pull, Big scam, and Lack of Transparency from the Mantra team.

Yesterday, the price of the Mantra OM token collapsed. Many believed it was the end, but instead it seems that the situation is more complex and less problematic compared to the worst-case scenarios.

On April 13, the price of the Mantra (OM) token plummeted from $6.30 to below $0.50, marking a loss of over 90% in a single day. This event wiped out more than $6 billion from Mantra's market cap and shocked the crypto community.

Blockchain intelligence platform Lookonchain says that tokens of the real-world asset (RWA) crypto project Mantra (OM) worth hundreds of millions of dollars were transferred to digital asset exchanges before a massive price crash.

MANTRA, one of the most well-known & reliable Real-world asset tokens, has suddenly crashed by 95% in a span of just a few hours. This unexpected drop has raised concerns across the crypto space. Prominent Crypto analyst Dr.

Following Mantra's sudden collapse, analysts have warned Pi Network's developers that transparency issues could expose Pi to similar risks.

The OM token crash saw $6 billion lost in value in just 30 minute yesterday. The Terra Luna like collapse has left the investors questioning if all of this was planned. The community notes that there were warning signs that were ignored which led to this massive loss.

The crypto market faced a big shock as MANTRA (OM) crashed by more than 90% in a single day, drawing comparisons to the infamous Terra LUNA collapse. But what's even more worrying is that OM isn't showing any signs of bouncing back.

MANTRA (OM) token crashed 94% amid liquidations and alleged insider actions, with CEO denying wrongdoing and outlining recovery plans including buybacks.

After a 94% crash in MANTRA's price, OM currently trades at $0.618, up 3.71% today. Let's explore OM price prediction and if there's a chance of a 50% rebound after the recent crash.

Arthur Cheong, the founder of DeFiance Capital, has warned of growing cryptocurrency price manipulation, describing the trend as a serious danger to investor trust amid Mantra and Story Protocol token crashes. In an Apr.

Waking up to see a 90% crash of a crypto project is no fun.Especially if we're talking about one of the top RWA projects. Because that's exactly what happened.

Mantra has just gone through a crash that has wiped out most of its value. Here's how on-chain metrics have changed during this collapse.

Dexe Network has gained 66% in just six months, quietly outperforming many hyped projects. As DeFi heats up again, could this under-the-radar protocol become the next big thing?

In the wake of the jarring incident around Mantra, community members are calling for Pi Network to glean valuable lessons from the black swan event. Pseudonymous cryptocurrency analyst Dr Altcoin wants the PiCoreTeam (PCT) to establish key guardrails to prevent a repeat of the OM incident for the Pi Network.

Binance, one of the worlds largest cryptocurrency exchanges, is expanding its trading lineup with the addition of three new spot trading pairs: BABY/EUR, ONDO/TRY, and PAXG/USDC. The announcement, made via Binances Chinese official X account, also confirmed that trading bot services will be enabled for the new pairs to enhance the trading experience.

Mantra CEO John Mullin addressed the recent collapse of the OM token in an AMA session.

Yesterday, MANTRA (OM) suffered a staggering 90% crash, and it's still spiraling down today. Most notably, OM charts and indicators seem as bad as the 2022 Terra LUNA collapse, if not worse.

Ondo Finance (ONDO) is showing renewed strength, up more than 4% in the last 24 hours, with trading volume jumping nearly 13% following the collapse of MANTRA's OM token. This shift in capital appears to be favoring other RWA-focused projects like ONDO, which is now gaining momentum across several technical indicators.