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$OM

OM (MANTRA)
Current Price: $1.07 📉
24h Loss: Over -90% ⚠️
Market Mood: Fear & Uncertainty 😰

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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 📉. It tumbled from around $6.30 to under $0.50 in mere hours ⚡—a loss of over $5.5 billion in market cap 💔.

This was reportedly due to a forced liquidation event tied to large leveraged positions on centralized exchanges 💣. Once the price started dipping, automated liquidations triggered a domino effect, accelerating the collapse like a flash crash 🌊.

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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)—bringing things like real estate, bonds, and traditional finance onto the blockchain 🏦📲.

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 🔥.

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Recent Price History

April 1-10: Traded between $6.20 - $6.80 ✅

April 11: Sharp volatility begins ⚠️

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?

Here’s what to consider:
✅ Bull Case:

Strong fundamentals behind MANTRA’s tech and mission

Potential for quick recovery if market stabilizes

"Fear zone" might present a rare accumulation window for risk-tolerant investors 💎
#om