As a well-known project in the RWA track, the sudden collapse of MANTRA (token OM) was quite unexpected, with a price drop of over 90% overnight, leaving investors bewildered.

To be honest, when a coin drops more than 90%, it basically means that the coin has reached its end. Fortunately, the project team is still actively communicating publicly. If you hold this coin, then just hold on to it, because after a 90% drop, selling it can't even be considered 'cutting losses'; it's not much different from 'losing your pants.' Whether OM will completely go to zero or rebound now entirely depends on the project's team in this almost unregulated market.

At least for now, the project team's tokens haven't been unlocked yet, and they haven't made big money. Selling at the current price would be quite regrettable, and there's a high probability they will still struggle a bit. As for whether Mantra is as innocent as they claim, whether it's the fault of the CEX or something else, the on-chain information is basically public and transparent, so I believe the truth will come to light soon.

Currently, many gamblers are betting that the price will go back up, starting to buy at the bottom, as risks and opportunities coexist. But to be honest, I wouldn't recommend it, because OKX founder Xu Mingxing said two days ago that this flash crash is a major scandal and will have a near-complete report. In other words, OKX wants to express 'I won't take the blame for this,' but there hasn't been any latest news yet.

I've only been following the MANTRA project for less than a month; I'm thinking that my PinWeb3 navigation site might eventually open a category called 'Project Black Hole' to include those that have run away or gone bankrupt.