$OM
MANTRA Token crash 90% in April 2025, the MANTRA token, known as $OM , faced a dramatic downturn, dropping an astonishing 90% from $ 6.32 to $ 0.49. This sudden crash erased $ 5.2 billion in market capitalization, leading to comparisons with the notorious failures of Terra LUNA and FTX. Co-founder John Patrick Mullin pointed to "massive forced liquidations" by centralized exchanges during periods of low liquidity as the primary cause. Amid the chaos, allegations of insider trading surfaced, with critics highlighting significant token transfers ahead of the decline. The Mantra team has firmly rejected these claims, pledging to conduct a thorough investigation and implement steps to restore confidence. As it stands, the token is now valued at $ 0.43.
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