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 (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.

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.

As the dust settles from the recent crash of OM, the native token of the Mantra blockchain, speculation and finger-pointing continue to ripple through the crypto community. The token lost nearly 90% of its value in a single day, plummeting to as low as $0.50 before stabilizing slightly at $0.66 at the time of writing.

OM token's sudden crash unleashed widespread cross-exchange liquidations, prompting a swift Binance response as traders faced halted profits and escalating concerns over tokenomics integrity.

Story token has experienced major volatility, which caused concerns over a repeat of the Mantra crash.

Blockchain investigator ZachXBT has spotlighted two individuals, Reef Finance founder Denko Mancheski and X user Fukugo Ryōshu, as potentially linked to the sudden 90% crash of Mantra's OM token on April 13.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Here's the top headlines in crypto in the past 48 hours including BTC, Mantra's OM crash and more.

Switzerland-based trading firm Laser Digital, which is part of the Nomura Group, has denied any involvement in the Mantra token flash crash that saw OM lose lose 90% of its value.

TL;DR Mantra's OM token lost over 90% of its value within an hour, wiping out $5.5 billion in market capitalization after a suspicious transfer to OKX. Coordinated movements from at least 17 wallets were detected before the crash, alongside recent changes in the token's economic model.

Investors are reeling over MANTRA's OM token crash that has erased $5 billion in market cap within hours. Plus, Jack Dorsey, Elon Musk push to "delete all IP law" and Etehreum Founder VitalikButerin calls for improving privacy.

Mantra CEO John Mullin addressed key concerns from the community following the sharp decline in the OM token during an Ask Me Anything (AMA) session hosted by Cointelegraph on April 14.Mullin reassured users that Mantra and its partners are actively working to support the recovery of the Mantra (OM) token, though he noted that details around token buybacks and potential burns are still being developed. “We're still in the early stages of putting together this plan for potential buyback of tokens,” the CEO said, adding that the OM token recovery is Mantra's “preeminent and primary concern right now.

OKX prepares reports following 90% crash in OM token value.

Mantra is under scrutiny following the recent collapse of its OM token, which experienced a sharp decline on April 13.

Two major players tied to the OM token—MANTRA's co-founder and Nomura's Laser Digital—issued statements Monday distancing themselves from the token's 90% price drop over the weekend.

MANTRA (OM) has suffered a catastrophic 90% price wipeout in what's now being referred to as the most severe MANTRA crash to date.It was reportedly sparked by fears surrounding a major forced liquidation event.

The OM token of Mantra experienced a turbulent weekend, crashing by over 90% before achieving a spectacular rebound of 200%. The token's price, which had hit a low of 0.37 dollars, climbed back up to 1.10 dollars on April 14. However, behind this recovery lies a complex story, full of accusations, suspicions, and market dynamics that closely resemble the collapse of Terra (LUNA) in May 2022. The collapse of the OM token has triggered a flurry of accusations on social media, with many users openly discussing a possible rug pull, which is a scam where the creators of a project suddenly abandon it, taking away investors' funds. The rumors have become more persistent after reports emerged of suspicious transfers of OM tokens to centralized exchanges, just before the collapse of the crypto Mantra (OM).

Mantra's OM token rebounded 200% after a 90% crash, but analysts warn of structural risks reminiscent of Terra LUNA's collapse, raising concerns over tokenomics and forced liquidations by centralized exchanges. The post Mantra's OM Price Recovers 200%, But Analysts Warn of LUNA-Level Risk appeared first on Cryptonews.

Laser Digital said it wasn't involved in MANTRA's crash on Sunday and denied sending millions in OM tokens to OKX.

After Mantra's OM token collapsed 90%, many analysts started pointing to insider selling. The latest move by Mantra DAO amplified these concerns.