$5.5 BILLION LOSS WITHIN 24 HOURS
collapse of the MANTRA (OM) token had a multi-billion dollar impact, and here's a breakdown of what the cost might look like:
1. Market Capitalization Loss
Before collapse: Market cap was over $6 billion.
After collapse: Dropped to under $500 million.
Estimated loss: Over $5.5 billion in total market value evaporated in less than 24 hours.
2. Investor Losses
Retail and institutional holders who bought OM at higher prices could have faced:
90%+ portfolio value losses.
For example, someone holding $100,000 in OM might now be left with less than $10,000.
3. Reputation & Trust
Loss of confidence in MANTRA's ecosystem and leadership.
Concerns about token distribution (up to 90% allegedly held by insiders) could impact:
Future fundraising.
Developer participation.
Ecosystem growth.
4. Liquidity and Exchange Fallout
Exchanges that listed OM might have seen:
Panic withdrawals, reduced liquidity.
Pressure to delist the token due to user backlash.
5. Wider Ecosystem Impact
Projects building on or affiliated with MANTRA could experience:
Reduced funding.
Developer exit.
Negative sentiment spillover into similar projects in the RWA/DeFi narrative.