On April 13, 2025, the price of the OM token dropped significantly by more than 90%, falling from $6.21 to below $0.49. This sudden decline led to speculation about potential insider trading and comparisons to past cryptocurrency collapses, such as LUNA. However, MANTRA's CEO John Mallin explained that the crash was due to forced liquidation by a large OM holder on a centralized exchange, denying any insider involvement.
As of now, the OM token has partially recovered, trading at around $0.84, with a market capitalization of approximately $818 million.
$OM
