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The MANTRA crypto project is embroiled in controversy after its OM token crashed 90% on Sunday, with investors alleging an insider dumped its holdings, wiping out an estimated $5 billion in market value.

MANTRA Blames ‘Reckless Liquidations’ for OM Token’s Historic Crash

MANTRA, known for tokenizing real-world assets (RWAs) and its partnerships with Google Cloud and Dubai’s DAMAC Group, saw its OM token plummet from above $6 to $0.37 in under 24 hours. The token, which peaked at $9 earlier in 2025, now trades around $1.03 as of 7:40 p.m. EDT. Social media posts claim the team or an associated market maker sold 90% of circulating tokens, though MANTRA denies involvement