#om plummeted from 5.24 to 0.37 within an hour, almost to zero! This is the essence of centralized exchanges. When blockchain has no real-world business applications, many will go to zero. When #minima's new public chain truly leads the industry towards real-world applications, #btc, #eth, and others will crash and plummet like om, because they lack a profit foundation. minima - mobile Bitcoin, embedded chips will be launched in the second half of 2025.

Source: The Block

The Layer 1 blockchain MANTRA, focused on real-world assets, saw its token $OM plummet 90% in just a few hours on Sunday, raising market concerns about a potential rug pull or major hacking incident.

"Today's event was triggered by reckless liquidations and is unrelated to the project itself," MANTRA's X account wrote a few hours after the crash began.

MANTRA's co-founder stated on X: "The forced liquidation from a large OM investor on the [centralized exchange] was too significant."

A leader of the MANTRA community denied in the project's Telegram group that the crash was caused by team sell-offs, but shortly after, the group became inaccessible.