#CryptoRegulation $OM, affiliated with the MANTRA platform, has witnessed significant developments recently, especially after the sharp collapse in April 2025.

📉 Price crash of 90%

On April 13, 2025, the OM coin experienced a sharp drop of 90%, as its price plummeted from around $6.32 to $0.49 within minutes. This collapse is attributed to forced liquidations due to excessive leverage in a low-liquidity market, leading to a series of forced sell-offs.

🔥 Burning of $OM tokens

In response to the crisis, the founder of MANTRA announced the burning of 150 million OM tokens from his personal holdings, aiming to reduce supply and restore investor confidence. A plan was also announced to burn an additional 300 million tokens, reflecting the team's commitment to rebalancing the market.

🛠️ Measures to enhance transparency

MANTRA launched a public dashboard to display toknomixt data in real-time and introduced a new testnet called OMSTEAD to enhance technical resilience. The platform also called for industry cooperation to reassess leverage policies on exchanges, aiming to reduce systemic risks.

🤝 Strategic partnerships

In an effort to boost confidence, MANTRA announced partnerships with Google Cloud, which has become the largest auditor in its network, and with the UAE's DAMAC group to tokenize assets worth one billion dollars. These partnerships aim to support infrastructure and enhance the project's credibility in the market.