Mantra crypto OM token just cratered, shedding 80% of its value and torching billions in market cap. Investors are stunned, staring at what’s left of their portfolios while questions around tokenomics, liquidity, and the fine print of blockchain transparency explode like shrapnel.
It’s a brutal wake-up call for an industry addicted to hype. Meanwhile, traders are rotating out of Mantra and into a new token below.
Mantra Crypto: The Perfect Storm of Issues
Mantra co-founder John Patrick Mullin blamed OM’s nosedive on “massive forced liquidations” in a barren Sunday night market. No names were dropped, but the meltdown exposed rotten beams in the project’s framework.
The token’s tangled structure didn’t help either. A DAO vote earlier this year introduced a one-for-one burn-to-merge system between Ethereum ERC-20 tokens and Mantra’s native chain.
🚨 John Mullin will be JAILED tomorrow
He stole over $5 BILLION through $OM RUGPULL
Mantra collapsed by 90% in 1 hour just like $LUNA in 2022
🧵Here is the shocking truth and what you MUST do now👇 pic.twitter.com/S1KiVJULYZ
— Dexter's Lab🦄💨✨ (@DextersSolab) April 13, 2025
Analysts like Ishmael Asad had already warned that doubling supply without guardrails was poking the bear. Turns out, they were right.
Transparency Questions
OM’s roadmap was glittered with promises of market maker partnerships, but the collapse showed cracks that no team statement could fill. Binance called out OM’s precarious tokenomics earlier in the year, a warning that now feels like prophecy. The wreck hammered home an ugly truth for crypto optimists: bad math and worse transparency will turn hype into ashes every time.
Mantra crypto is now stuck in a falling knife pattern, with a death cross, weak RSI, and price clinging to the lower Bollinger Band. If the $0.675 support breaks, expect a slide toward $0.66. A move above $0.695 with volume would be the first sign of a potential reversal — but until then, this project is dying.
What Are We Buying Before The Next Bull Market?
If you’re fishing this dip for big catches before the next bull market, here’s our list:
- Bitcoin is primed for glory thanks to last year’s halving and regulatory tailwinds
- Layer 1 heavyweights like Sui, Solana, and Polkadot
- Best Wallet Token ($BEST), our favorite presale right now
$BEST wallet is small in market cap, sitting at $11.7 million in presale, but is punching above its weight. As a crypto wallet it touts a decentralized exchange, NFT gallery, staking hub, and presale tools all under one roof. The space is crowded, but $BEST might just squeeze through the chaos and carve a lane.
Its $BEST token provides users with perks like trading fee discounts and governance rights, making it attractive for long-term holders. Best Wallet is a must-have gateway for crypto trading.
EXPLORE: Dave Portnoy’s New Meme Coin Went 100,000% But What Is The Best Meme Coin to Buy?
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Key Takeaways
- Mantra crypto OM token just cratered, shedding 80% of its value and torching billions in market cap.
- Mantra co-founder John Patrick Mullin blamed OM’s nosedive on “massive forced liquidations” in a barren Sunday night market.
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