$$OM

OM Token Crashes 90 Percent as Panic Liquidations Shake Market

The Mantra OM token experienced a dramatic collapse in price, falling 87.66 percent in just 24 hours. Its value dropped to $0.7748, wiping out nearly $5 billion in market capitalization and pulling its total value down to $751 million. Trading volume spiked to $2.25 billion, reflecting heightened sell pressure and investor panic.

Concerns over insider activity and a lack of transparency fueled speculation around the sharp decline. Co-founder JP Mullin responded by denying team abandonment and published wallet details to restore confidence. Mantra stated that the crash was caused by “reckless liquidations,” distancing the core team from any direct role in the sell-off.