Flash Collapse of the OM Token: The Dramatic Plunge That Shook the Crypto Market
In April 2025, the OM token from Mantra plunged over 90% in just a few hours. This rapid decline was triggered by a cascade of forced liquidations and a massive sell-off on a major exchange. Thin liquidity and rising investor panic sent the price into a steep freefall.
Speculation of internal manipulation further intensified the sell-off, severely damaging confidence in the project. In a desperate attempt to halt the crash, Mantra burned a large portion of its tokens. This sudden collapse highlights how vulnerable cryptocurrencies remain to rapid shocks and extreme market volatility.
