Mantra Token Crash: Why OM Plummeted 90% Overnight

#MantraCrash #OMToken #CryptoCrash #MantraOM #CryptoNews #RWA #TokenCrash #CryptoMarket #DeFi #Blockchain why the Mantra (OM) token fell so drastically, as per your previous question. Since you’ve asked for a one-minute explanation, I’ll keep it concise yet comprehensive, focusing on the key reasons behind the crash on April 13, 2025. The Mantra token plummeted over 90% in a single day due to several interconnected factors. First, X posts highlighted suspicious activity: a wallet, potentially tied to the Mantra team, transferred a massive amount of OM tokens to an exchange. This move spooked investors, who feared a dump was imminent, triggering widespread panic selling. Second, the Mantra team issued a statement blaming exchanges for “reckless liquidations.” They claimed that during a period of low liquidity, automated liquidations snowballed, causing a chain reaction of sell orders that tanked the price without prior notice. Third, the project’s tokenomics came under fire. Nearly 90% of the token supply is reportedly held by the team, raising red flags about centralized control and potential manipulation. This eroded trust, as holders worried about further dumps. Lastly, the broader crypto market was jittery, with recent scams and volatility amplifying fear. Combined, these factors—suspicious wallet activity, exchange liquidations, shaky tokenomics, and market unease—caused a catastrophic loss of confidence, leading to the token’s collapse.