$OM, part of the MANTRA platform, has seen significant developments recently, especially after the sharp collapse in April 2025.

📉 Price collapse of 90%

On April 13, 2025, the OM coin experienced a sharp decline of 90%, dropping from around $6.32 to $0.49 within minutes. This collapse was 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, aimed at reducing supply and restoring investor confidence. A plan was also announced to burn an additional 300 million tokens, reflecting the team's commitment to restoring balance to the market.

🛠️ Measures to enhance transparency

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

🤝 Strategic partnerships

In an effort to build trust, MANTRA announced partnerships with Google Cloud, which became the largest auditor on its network, and with the UAE's DAMAC Group for tokenizing assets worth one billion dollars. These partnerships aim to support infrastructure and increase the credibility of the project in the market.