$BTC 💡 Let's talk about Mantra Coin and it's overwhelming volatility saga 💡

ABOUT MANTRA:

MANTRA (OM) is a cryptocurrency and Layer 1 blockchain designed for real-world asset (RWA) tokenization, enabling the digitization of assets like real estate or commodities. It aims to bridge traditional finance and DeFi, offering a platform for secure, compliant, and scalable transactions. Built with Cosmos SDK, it supports interoperability and institutional-grade infrastructure. The OM token is used for governance, staking, and fees within the ecosystem. Launched in 2020, MANTRA gained traction with partnerships like a $1B tokenization deal with DAMAC Group. Despite a 640% price surge over the past year, it faced a dramatic >90% crash on April 13, 2025, dropping from ~$6 to ~$0.50 amid liquidation concerns.

MANTRA'S VOLATILITY SAGA:

On April 13, 2025, MANTRA (OM), a cryptocurrency focused on real-world asset tokenization, crashed over 90% in hours, dropping from $6 to ~$0.50, erasing billions in market cap. The likely trigger was a massive sell-off, possibly from forced liquidations on an exchange, overwhelming the market. Allegations of insider dumping by the team or a group called the "Kabal team" surfaced on X, but the MANTRA team denied this, blaming "reckless external liquidation." Their Telegram group restricted access during the chaos, fueling distrust. Broader market downturns and prior concerns about MANTRA’s high market cap versus low TVL ($13M) may have amplified the collapse. The team is investigating, but details remain unclear.

Hence, investors should stay cautious and follow official updates and always remember to invest only what you can afford to lose.... 🙏