$OM
OM (MANTRA)
Current Price: $1.07 ๐
24h Loss: Over -90% โ ๏ธ
Market Mood: Fear & Uncertainty ๐ฐ
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What Just Happened?
The OM token, native to the MANTRA chain, just went through one of the biggest single-day crashes in recent crypto memory ๐. It tumbled from around $6.30 to under $0.50 in mere hours โกโa loss of over $5.5 billion in market cap ๐.
This was reportedly due to a forced liquidation event tied to large leveraged positions on centralized exchanges ๐ฃ. Once the price started dipping, automated liquidations triggered a domino effect, accelerating the collapse like a flash crash ๐.
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What is MANTRA (OM)?
OM is the utility token for the MANTRA chain, a Layer 1 blockchain focused on real-world asset tokenization (RWAs)โbringing things like real estate, bonds, and traditional finance onto the blockchain ๐ฆ๐ฒ.
Backed by connections to Polkadot and supported by key crypto venture capital, OM had recently gained momentum and was considered a hot project for 2025 ๐ฅ.
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Recent Price History
April 1-10: Traded between $6.20 - $6.80 โ
April 11: Sharp volatility begins โ ๏ธ
April 12: Sudden drop to ~$2.80
April 13: Massive crash to under $0.50
April 14 (Today): Recovered slightly to $1.07
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Should You Worry or Buy the Dip?
Hereโs what to consider:
โ Bull Case:
Strong fundamentals behind MANTRAโs tech and mission
Potential for quick recovery if market stabilizes
"Fear zone" might present a rare accumulation window for risk-tolerant investors ๐
