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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.
On-chain data from CryptoQuant suggests that Bitcoin could be on the verge of a bullish trend reversal, as a key market signal begins to shift. In an Apr.
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.
Back in 2021, the Dogecoin price reached its $0.7376 all-time high after having a legendary run spurred on by billionaire Elon Musk shilling the meme coin on X (formerly Twitter). At the time, the meme coin hit this peak price after touching an $80 billion market cap.
Metaplanet has acquired a total of over 4,500 BTC and intends to buy more this year as investors try to unpack the latest in U.S. tariffs.
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.
Michael Saylor's firm, Strategy, plans to resume its aggressive Bitcoin accumulation after recently adding over 22,000 BTC to its holdings.
Senators Sheldon Whitehouse and John Fetterman drafted the bill, seeking to curb emissions from crypto mining and AI data centers. The post US Senate Democrats Draft Bill to Curb Crypto Mining Emissions appeared first on Cryptonews.
XRP price started a fresh increase above the $2.050 resistance. The price is now consolidating and must settle above $2.20 for more gains.
Metaplanet Inc., a publicly listed Japanese firm, has announced it has added 319 more Bitcoin to its balance sheet as part of its treasury strategy. The purchase was made at an average price of 11.8 million yen per BTC, totaling 3.78 billion yen.
According to a Monday report by Nikkei, Dalton Investments, a U.S.-based investment management firm, has tipped SBI Holdings CEO Yoshitaka Kitao as a candidate for the board of directors of Fuji Media Holdings, Japan's largest media conglomerate.
PepeX's initial coin offering (ICO) has now surpassed $1,352,050 in funding, as interest accelerates in its fair-launch model aimed at everyday investors. Built on Solana, the PepeX platform is gaining ground at a time when Donald Trump's expanding presence in crypto—from NFTs to memecoins and stablecoins—is intensifying market speculation.
Bitcoin (BTC) is flat as East Asian markets open for the week, trading above $84K, as the White House presents mixed messages on semiconductor and technology component tariffs.
The SEC and Binance have jointly requested a 60-day extension in their ongoing legal dispute, while former CEO Changpeng Zhao has denied WSJ reports.
Solana (SOL) stays under significant bearish pressure even as the crypto market recovers gradually after a notable drop over the past month. Intense market sell-offs last week caused SOL's stock to tumble about 10%. It has struggled to keep an optimistic momentum.
Mantra (OM) price plunges by 90% because of "forced liquidations" according to the CEO.
Solana stunned the cryptocurrency market in 2021 with an unexpected, explosive climb few analysts had imagined. Starting the year trading close to just $1, the token jumped to an all-time high of about $260 by November—a startling 25,000% growth in less than a year.
Stablecoins, once confined to niche cryptocurrency conversations, are now part of mainstream financial discourse.
Elliptic, a blockchain surveillance firm, has expanded its coverage to include over 50 blockchain networks, a move aimed at improving its ability to track and analyze digital asset transactions.
The cryptocurrency market had a damp close to the first quarter of 2025. Bitcoin's price slumped 6.49% in Q1 2025, marking its weakest start since 2020. On the other hand, Ethereum's performance was even worse, as it plunged 37.98% for its most disappointing opening quarter since 2018.
Ethereum price started a fresh increase above the $1,580 zone. ETH is now consolidating gains and might aim for more gains above $1,665.
