For the past two weeks, our team has worked to develop and execute concrete solutions that will rebuild trust within the MANTRA community. Today, I shared our progress and upcoming actions onstage at TOKEN2049 in Dubai, and I want to share them here for everyone;
1. Governance Improvements We're making significant governance improvements to MANTRA Chain with a focus on decentralization. We’re accelerating our validator diversification efforts by winding down internal validators while adding more support partners. By the end of Q2 2025, we'll have reduced internal validators by half and onboarded 50 total external partner validators.
2. Enhanced Transparency Immediately after the price drop, we published a real-time dashboard to provide public information on tokenomics as we continued our own investigation. This dashboard will remain live for our community, with further improvements planned.
3. OM Token Burn As promised, I've completed the 150 million burn of my staked OM tokens, permanently removing them from total supply. I am committed to this project, to our recovery, and to rebuilding trust within our community, and I hope and believe this action represents a significant move toward that mission.
4. Technical Resilience Despite the challenges we've faced, MANTRA Chain continued to operate without interruption during the price drop, even with transaction volumes at all-time highs. Additionally, with a continued focus on resilience and risk-mitigation, we’ve launched OMSTEAD, our MANTRA Chain EVM testnet currently in Alpha.
5. Industry-Wide Call to Action This is bigger than MANTRA: Liquidation cascades could happen to any project in the crypto industry. Policies that allow aggressive leverage positions create substantial systemic risk. We’re cooperating with major exchanges to improve market stability, and we’re calling on the rest of our industry to provide input on how exchange policies can minimize (or continue to permit) policies that create risk to investors.
The path ahead requires methodical, transparent rebuilding.$OM 5day
The collapse, which occurred on April 13, 2025, sparked fears of a rug pull and led to widespread confusion and panic among investors. The sudden crash was attributed to forced liquidations initiated by centralized exchanges, according to Mantra co-founder John Patrick Mullin. The situation has prompted discussions about the role of exchange policies in creating market risk and the need for greater transparency in the crypto industry. Here's a more detailed breakdown:
Significant Price Drop: The OM token's price plummeted by over 90%, from a high of around $6 to a low of $0.456472 within a single day.
Market Cap Loss: The market capitalization of Mantra (OM) fell from over $6 billion to $681 million in the same timeframe.
Liquidation Event: Mantra co-founder JP Mullin blamed "reckless forced closures" by a centralized exchange for triggering the crash.
Community Reaction: The sudden crash led to concerns about a rug pull and comparisons to other crypto failures like Luna and FDX.
Team Response: Mantra has expressed its commitment to working with exchanges to improve market stability and calling for industry-wide discussions on exchange policies. Burning of Staked Tokens: Mantra has also burned 150 million staked OM tokens to reduce the total supply and enhance transparency. Transparency and Rebuilding: Mantra has launched a real-time dashboard to provide tokenomics data and is focusing on rebuilding trust with the community,$OM
Lochness, an undulating giant lives; legendary Nessie; giant oarfish or prehistoric remnant? No one knows for certain, but he bothers no one; leave him be.
In mountainous terrain, walks the Yeti. Part man; part beast; perhaps the missing link? Science said of its remains, “It is a relative of ancient polar bears”; perhaps.
In Jersey woods, people say a, “Devil” hides; a new species or an experiment in genetics, gone awry? There are many Doctor Moreau’s and Frankenstein’s, in this world and they do, abandon their mistakes.
Regardless, life is life and it must be respected, for harmony to reign.
What if cryptids aren’t myth? People say, “You can’t cross a rabbit with a cat”, but it has been done.
Perhaps humankind has made, the mistakes of ancient ancestors; maybe centaurs and fauns were once…real? On such an old planet…whom can be certain?
Ancient texts and glyphs, speak of many things, mythical and legendary and history does…repeat.
Someone had to tamper with genetics, to discover that pig arteries, can work in the human body; that cow plasma, could too. The human explores its world; exploiting even ravaging other species, without concern for the end result.
Perhaps, humans should leave, well enough alone. “Nessie”, “Yeti”, “Jersey Devil”; cryptids, like all life, should be free to live.
The human species, is the most deadly and destructive, of all predators. Clearly, not the smartest, at times; Not even with regard to, its other siblings. Humans seem to obliterate everything, they touch; never caring for the harm that they do…until it’s too late. Even then, some never lend anymore thought, to their deeds $OM
In the context of cryptocurrency, blockchain refers to a digital, decentralized, and immutable ledger that records transactions. It's the technology that underpins cryptocurrencies like Bitcoin and Ethereum, allowing for secure and transparent peer-to-peer transfers of digital assets. Essentially, it's a shared, public record of all transactions on a network, ensuring that once recorded, they cannot be altered. Here's a more detailed explanation: Key Concepts:
Distributed Ledger: The blockchain is a distributed database, meaning it's not stored in one central location but rather replicated across many computers (nodes) on the network.
Immutable Record: Transactions are grouped into "blocks" and linked together chronologically, creating a chain. This chain is cryptographically secure, meaning it's extremely difficult, if not impossible, to tamper with once a block is added.
Decentralized: No single entity controls the blockchain. It's managed collectively by the network participants, making it resistant to censorship and single points of failure.
Transparency: While not always public, many blockchain networks are open to anyone to view and verify the recorded transactions. How it relates to cryptocurrency: Transaction Recording: The blockchain records all cryptocurrency transactions, including the transfer of ownership of digital assets.
Security: Cryptographic techniques ensure the security of transactions, preventing double-spending and ensuring the integrity of the ledger.
Transparency: Anyone can view the history of transactions on the blockchain, providing transparency and accountability.
Decentralization: Cryptocurrency systems, like Bitcoin, are decentralized and rely on the blockchain to function without a central authority. In essence, the blockchain is the backbone of cryptocurrency, providing a secure, transparent, and decentralized way to record and transfer digital assets. $OM
The concept of polarity plays a fundamental role in shaping the physical world. Polarity refers to the presence of opposing or contrasting properties, often associated with positive and negative charges or opposing forces. In chemistry, it describes the uneven distribution of electrical charge within molecules, leading to distinct physical properties. This concept also extends to other areas of physics, such as magnetism and electricity, where the presence of north and south poles or positive and negative charges, respectively, demonstrates the influence of polarity. Here's a more detailed look at how polarity impacts the physical world:
1. Chemical Polarity and Molecular Properties: Uneven Charge Distribution: In polar bonds, one atom attracts electrons more strongly than the other, resulting in a partial positive and negative charge on each atom,
Molecular Dipole Moment: The separation of these partial charges creates a dipole moment, causing the molecule to have distinct positive and negative ends,
Impact on Physical Properties: Polarity significantly influences a molecule's melting and boiling points, solubility, surface tension, and intermolecular interactions. For example, water's high boiling point and ability to act as a universal solvent are directly related to its polarity,
2. Electrical and Magnetic Polarity:
Opposing Charges: In electricity, polarity refers to the presence of positive and negative charges, which attract and repel each other,
Magnetic Poles: Magnets also exhibit polarity, with north and south poles that interact through magnetic fields.
Influence on Interactions: These polarities govern the interactions between electrical and magnetic fields, shaping phenomena like electromagnetic waves and the operation of electrical devices.
3. Beyond Chemistry and Physics: Universal Principle of Polarity: The concept of polarity extends beyond specific scientific fields and is often viewed as a fundamental principle in nature, encompassing concepts like yin and yang, or opposing forces in various systems. $OM #NamasteIndia
Demonstrate, but baby told me to mediate, Don't be actin wild and retrograde, she's just tryna Elevate and im trying to walk on water,everybody drip on splash of 4 quarters, tsunami source $OM
The phrase "rocket ship crash" in the context of crypto refers to a sudden and drastic price decline of a cryptocurrency, often depicted visually as a rocket ship falling or crashing. This metaphor represents the rapid depreciation of an investment, potentially causing significant losses.
Crypto Market Volatility: Cryptocurrency markets are known for their high volatility, meaning prices can fluctuate dramatically and quickly.
"Rocket Ship" as a Bullish Term: The term "rocket ship" is often used metaphorically to describe a cryptocurrency that is experiencing a strong and rapid price increase.
"Crash" as a Bearish Term: Conversely, "crash" signifies a sharp and sudden drop in price, often associated with a bearish (downward) trend.
Investor Losses: A "rocket ship crash" can lead to significant losses for investors who have invested in the cryptocurrency.
Visual Representation: The imagery of a rocket ship crashing visually conveys the severity and potential impact of a price decline.
Examples of "rocket ship crashes" include the Bitcoin price dropping from its highs, or the crash of various altcoins. $OM
Wait 'til I get my money right I had a dream I could buy my way to heaven When I awoke, I spent that on a necklace I told God I'd be back in a second Man, it's so hard not to act reckless To whom much is given, much is tested Get arrested, guess until he get the message I feel the pressure, under more scrutiny And what I do? Act more stupidly Bought more jewelry, more Louis V My Mama couldn't get through to me The drama, people suing me I'm on TV talking like it's just you and me I'm just saying how I feel man I ain't one of the Cosby's, I ain't go to Hillman I guess the money should've changed him I guess I should've forgot where I came from $OM
I pray that your pain turn to inspiration Pray that my stuntin' is motivation Pray that I'm wealthy whenever God take me Pray that I'm there for my babies daily Not just on birthdays and graduations But on the occasions I'm missing I pray that they learn from my dedication Back in school I knew I was different Wasn't a scholar but knew I would make it When students was focused on SAT's I was busy worried 'bout AMG's Back then I just , but there's so much more that come with the keys You got insurance and extra fees And when there's a fix, that shit ain't cheap That's beautiful agony It costs to be the boss and you got casualties If they fresh to death, I'm dead When I sleep I rest in peace.
I wake up early to go get the bag I been stacking up tracks on tracks I'm done with pushing this project back It's time that y'all have it,More money, more problems, that's beautiful agony,They label me a failure when I can't pay the fee That's beautiful agony, that's beautiful agony $OM
It's beautiful agony People stay mad at me They say what am i,want me to be I fell far from the apple tree, but I planted my own seed I see things they don't see It get different behind the scenes See, people so quick to judge But they don't be quick to show love Man, some of these bitches telly None of them worthy of There was a time where opinions would hurt me but lately I been feeling up That feeling like novacaine, they say that the money a drug It's like a fixation We do whatever to get a new whip, it's really enslavement Finessing the plug two times then go out and cuff a new bracelet When that superficial shit make you go hard, you gotta embrace it That's beautiful agony,$OM
#EUPrivacyCoinBan URGENT: EU Moves to Ban Privacy Coins! 🚨** **🔐 Your Financial Privacy is Under Threat!** The EU is pushing for a **complete ban on anonymous crypto transactions**, targeting privacy coins like **Monero (XMR), Zcash (ZEC), and Dash (DASH)**. ⚠️ **What does this mean for you?** - **Exchanges may delist privacy coins** to comply. - **Tighter KYC/AML rules** could affect all crypto users. - **Your right to financial privacy** is at risk! **🛡️ Stay informed. Protect your assets.** 🔔 Follow us for updates & **vote with your wallet!** #EUPrivacyCoinBan #CryptoPrivacy #
A tragic event unfolded recently when crypto trader @MistaFuYou, also known as "Im really poor," took his own life during a livestream on X (formerly Twitter) after losing his last $500 in a crypto memecoin rug pull.
The trader had been actively involved in the volatile world of cryptocurrency, but his financial losses and emotional distress reached a devastating point.
In his final moments, the trader loaded a revolver on the livestream, stating, “If I die, make me a meme coin.” The gun misfired twice before it discharged on the third attempt, leading to his death. This shocking act was witnessed by his online followers in real-time.
Minutes after the tragedy, new memecoins began circulating, using his name, death, and likeness. This sparked outrage within the crypto community, with many questioning the morality of using someone's death as a basis for new digital currencies. Critics voiced concerns that this event highlighted the darker side of the crypto world, where speculative investments and rug pulls can have devastating consequences. $OM
A cryptocurrency trader tragically took his own life during a livestream after losing $500 in a memecoin investment.
A cryptocurrency trader died by suicide during a livestream on X after he lost his last $500 in a memecoin investment, according to a report by Binance. HT.com cannot independently verify the authenticity of this information. The alleged incident has sparked debates on the volatile nature of meme cryptocurrencies and mental health.
He then puts a small pistol to his head and clicks it several times till it goes off. Some X users claimed that the livestream continued for nearly half an hour after the gun went off even as anxious viewers filled the comments asking if he was alright. In a tragic twist, meme coins using his name flooded the market within minutes.
Death turns into memecoin Some traders rushed to buy meme token called “Mistacoin” betting on the hype while others condemned the community for their "dystopian" attitude. $OM
$BTC Bitcoin's price next week could see volatility due to mixed market signals. If bullish momentum continues, BTC may test $65K–$68K, driven by ETF inflows or macroeconomic optimism. However, resistance near $70K remains strong. Conversely, if bearish pressure dominates—due to Fed hawkishness or miner sell-offs—a dip to $58K–$60K is possible. Technical indicators show RSI near neutrality, suggesting sideways movement unless catalysts emerge. Traders should monitor US inflation data and institutional activity. Overall, a moderate high near $67K seems plausible, but a sudden low near $59K can't be ruled out if sentiment shifts. Risk management is key.
#AppleCryptoUpdate Apps can also facilitate the buying and selling of NFTs on secondary marketplaces, enhancing their functionality on iOS devices. These updates offer developers more freedom and reduce costs for users, potentially driving innovation in crypto-related services on iPhones and iPads. However, some restrictions remain. Apps still cannot offer tokens as rewards for tasks, conduct initial coin offerings (ICOs), or enable crypto mining on user devices. Overall, Apple’s policy shift marks a major step toward embracing digital assets. It opens doors for broader adoption of cryptocurrencies and NFTs within the iOS ecosystem, benefiting both developers and end-users alike
The Mantra (OM) token crash in mid-April 2025 has raised significant concerns within the crypto community, with many questioning whether it was a rug pull or a result of other factors.
🧨 What Happened? On April 13, 2025, the OM token's price plummeted by over 90%, dropping from approximately $6.30 to below $0.50 in just a few hours. This sudden decline erased more than $6 billion in market capitalization and led to over $72 million in liquidations.
🧾 Allegations and Concerns The abrupt crash led to widespread speculation about a potential rug pull, a scenario where project insiders dump their tokens, leaving investors with worthless assets. Some analysts pointed to large OM token transfers to centralized exchanges shortly before the crash, suggesting possible insider involvement.
🛠️ Mantra's Response John Patrick Mullin, co-founder of Mantra, addressed the situation by denying any insider misconduct. He attributed the crash to "reckless forced closures" initiated by centralized exchanges during low-liquidity periods, leading to a cascade of liquidations.
To restore confidence, Mantra announced plans to:Buy back OM tokens to support the token's value,Utilize a $109 million ecosystem fund to aid in recovery efforts
🔍 Current Status Following the crash, OM's price experienced a brief rebound, rising by nearly 200% to around $1.10. However, skepticism remains, with some community members drawing parallels to previous crypto collapses like Terra's LUNA. $OM
$BTC Bitcoin steadies close to the $97,000 level even as traders continue to digest tariff-related economic uncertainty on Friday. $BTC hovers near $97,000, is $100,000 next? Bitcoin trades less than 5% away from $100,000 on Friday. The largest cryptocurrency made strides despite market uncertainty and sentiment among crypto traders improves. The crypto Fear & Greed Index signals “greed” among traders, swinging from Thursday’s “neutral” stance and signaling that sentiment is turning bullish. Traders need to watch the indicators carefully for potential signs of a trend reversal since RSI has crossed into the “overvalued” or “overbought” zone. Typically a drop from this zone could trigger a sell signal. MACD histogram bars are consecutively shorter as observed in the chart below. Most of the top 10 cryptocurrencies gain on Friday and crypto trader’s sentiment improves. Strategy, formerly MicroStrategy, raises its target to $15 billion in Bitcoin gains in 2025, says MSTR stock is a “Bitcoin shortcut”. Barring Binance Coin ($BNB ) and Tron ($TRX ), nearly all cryptocurrencies in the top 10 gained in the last 24 hours, as seen on CoinGecko. $BTC ’s rally to $97,000 pushed other assets higher alongside the top crypto.