📉 $OM (Mantra): Official Crash, Big Comeback?
On April 13, 2025, 300M $OM tokens were liquidated, triggering a 90% flash crash—from ~$6 down to ~$0.49, wiping out over $6B in market cap.
Analysts pinpointed it as mass forced liquidation during a liquidity lull—not an exploit.
To restore trust, the project burned 150M OM tokens and over 27% of ERC‑20 supply was bridged and permanently burned. Governance is being reshaped with validator diversification and transparency upgrades.
Institutional-grade RWA Layer‑1 protocol is rebuilding. The team is now doubling down on governance decentralization and compliance upgrades—readying OM for regulated real-world assets.
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🧠 Why you should care:
Failures become opportunity.
A washed-out base after forced crash? Possibly the platform for a rebound.
If liquidity returns—even part-time—OM could lead a micro-cap recovery.
📊 Trading at ~$0.26, up over 10% recently with ~$200M+ in 24h volume.
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Keep watching how the recovery narrative unfolds.
Redraw your resistances. Stay alert.
