The crypto project MANTRA is going through an unprecedented storm

Its native token, OM, has lost more than 90% of its value in a matter of hours, erasing billions of dollars in market capitalization.

The crypto project MANTRA is going through an unprecedented storm. Its native token, OM, has lost more than 90% of its value in a matter of hours, erasing billions of dollars in market capitalization. A brutal drop that raises many questions within the crypto community and among investors.

MANTRA: the OM token collapses by more than 90%

After the recent collapse of the crypto market at over 200 million dollars, the ecosystem is once again shaken. Indeed, the OM token, native asset of the MANTRA project, lost more than 90% of its value in less than four hours on April 13, 2025. Trading at over 6 dollars early in the day, OM suddenly collapsed to 0.37 dollars, before slightly rebounding to around 0.60 dollars! This is a drop of 93% from its historical peak of 9 dollars reached at the beginning of the year.

For now, no official explanation has been confirmed. Speculation is emerging about a possible massive sell-off of OM tokens by the founding team. The official Telegram of MANTRA, now closed to new members, saw a message from Dustin McDaniel, community lead of the crypto project, assuring that the team is “aware of the concerns” and is preparing a response.

In an official statement, MANTRA denies any direct involvement and attributes the crash to reckless liquidations in the markets. The team promises to provide more information in the coming days.

A project that is still promising

The collapse of OM comes at a time when MANTRA had established itself as a key player in the tokenization of real-world assets (RWA), with notable partnerships with Google Cloud and the DAMAC Group of Dubai.

Traders have not hesitated to mention a potential Rug Pull, comparing the fall of OM to that of LUNA or FTX. A crypto investor even stated: “If the team does not react, OM could go to zero“.

While crypto was establishing itself as a pillar of decentralized finance, this sudden drop highlights the systemic risks that still exist. The case of the OM token from MANTRA could have a lasting impact on crypto investors’ confidence in projects related to RWA.

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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.