OM (Mantra) Coin โ Latest Updates (April 14โ15, 2025)
๐ Recent Price Crash
On April 13, 2025, OM (Mantra) coin experienced a massive crash of over 90%, dropping from around $6.30 to $0.37 in just a few hours. This wiped out more than $5.5 billion in market cap.$BNB
The crash was primarily caused by:
Forced liquidations on centralized exchanges.
Massive leveraged positions being closed during low liquidity periods.#VoteToListOnBinance
Mantraโs co-founder John Patrick Mullin blamed this on โreckless forced closures initiated by centralized exchanges.โ#BTCRebound
(Source: CryptoBriefing)
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๐ฃ๏ธ Official Statements from the Team & Investors
The Mantra team stated that they had no involvement in the crash. All team and investor tokens are locked and follow a vesting schedule.$BTC
Shorooq Partners, one of the key investors, also denied any involvement, saying they sold a very small portion of OM tokens in March only for system testing purposes.
(Source: Mantra Official Announcement)
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๐ Current Situation & Community Action
OM has recovered slightly, currently trading around $0.70.
The Mantra team plans to hold a live session on X (formerly Twitter) to explain the situation and respond to the community.#WhaleMovements #BinanceAlphaAlert #SECGuidance
