Mantra (OM): A DeFi Token Hit by a Confidence Crisis

Mantra (OM) is a DeFi token that once attracted significant attention from investors. However, in April 2025, its price plummeted by over 90% within hours. The primary cause was a forced liquidation of a major holder on the Bybit platform, which triggered a massive sell-off in a market with low liquidity.

Another major concern was that the Mantra team held up to 90% of the total token supply, raising questions about transparency and decentralization. Although the team has since announced several recovery measures, investor confidence has yet to fully return.

Recovery Measures by Mantra

1. Token Buyback: The team announced a buyback plan to support OM’s price and reduce sell pressure.

2. Token Burn: A planned burn of 300 million OM tokens aims to reduce overall supply.

3. Increased Transparency: The team has committed to better communication with the community and improvements in DAO governance.#TradeStories #TradeOfTheWeek