$OM

-90% 🥴

Cryptocurrency Mantra ($OM) plummets 90% and investors accuse team of billion-dollar scam

April 13, 2025, 17:39 GMT-3Less than 1 minute read

Another collapse in the cryptocurrency market, with the Mantra token ($OM) dropping 90% in just a few hours this Sunday (13), wiping out over $5 billion in market value.

The sudden drop caused panic among investors and raised suspicions that the team behind the project had executed a rug pull — when the developers themselves sell off their tokens en masse and abandon the project.

📉 Before the collapse, the $OM was trading at around $6.30 and had a market capitalization close to $6 billion. In a matter of minutes, the price fell to less than $0.50, leaving the community stunned and without answers.