Mantra ($OM) has imploded -90% in an unprecedented MANTRA crypto crash, reportedly triggered by panic over forced liquidations.
The price of OM, the native token of Mantra’s real-world asset blockchain, plunged over 90 percent on Sunday in one of the most dramatic collapses of the year.
Within 24 hours, OM dropped from $6.30 to below $0.50, wiping out more than $5.5 billion in market capitalization and prompting widespread panic across trading desks and Telegram groups.
What Caused the MANTRA Crypto Crash?
At the core of the crash lies what the Mantra team calls a “massive forced liquidation” on a centralized exchange.
In a post on X, co-founder John Patrick Mullin stated that a large OM investor had triggered cascading sell orders, tanking the order books and accelerating the price decline.
Guys let's get a couple things straight:
– The TG was not deleted.
– The Team tokens all remain in custody, verifiable at this address – mantra1yejpacug78zuqkzwwuc94c0a2al4mz4yfqquam
– We are actively figuring out why these massive forced liquidations occurred and will provide…— JP Mullin (🕉, 🏘️) (@jp_mullin888) April 13, 2025
“This wasn’t team selling,” Mullin wrote. “We’re still here. Still building. Still fixing this.”
Mantra’s public Telegram group went offline shortly after the crash, fueling speculation of internal disarray. Community lead Dustin McDaniel attempted to quell fears in a message before the group was shuttered, stating he had “no knowledge” of the cause pending an internal review.
Despite reassurances, the scale and speed of the price collapse sparked comparisons to prior black swan events like Terra’s LUNA implosion and the FTX fraud revelation.
Traders and analysts flagged long-standing concerns about OM’s tokenomics, particularly its steep, fully diluted valuation, which stood near $9.5 billion versus a total value locked (TVL) of just $13 million.
Wallet activity leading up to the collapse adds further intrigue. On-chain data shows that in the days before the crash, millions of OM tokens were sent to centralized exchanges OKX and Binance. One address linked to Binance reportedly transferred over $36 million in OM to OKX in a sequence of moves that some now view as strategic positioning ahead of the collapse.
DISCOVER: 9+ Best High-Risk, High–Reward Crypto to Buy in April 2025
Will $OM Crypto and Mantra DAO Survive The Project Implosion?
MANTRA? $OM?
Burwick Law is investigating MANTRA & its OM token following a reported 90% price drop.
Our review covers tokenomics, large-scale transfers, and liquidity concerns.
If you lost money, realized or unrealized, see below.
Attorney advertising. Results may vary. pic.twitter.com/eXZxb7nJgL
— Burwick Law (@BurwickLaw) April 13, 2025
These events coincide with the Mantra DAO’s recent legal challenges. Six members were ordered by a Hong Kong court to disclose financial records in an ongoing lawsuit alleging misappropriation of DAO funds—raising further questions about internal governance and accountability.
Just two months ago, Mantra had appeared to be riding high. The project secured a virtual asset license from Dubai’s VARA and announced a $1 billion tokenization deal with real estate giant DAMAC. Now, with investor confidence shattered and key infrastructure offline, the future of OM appears uncertain.
It remains to be seen whether the team can stabilize the project or whether this marks the end of another overly-leveraged fantasy.
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Mind Of Pepe (MIND) AI Agent Crypto Called OM Crypto as Scam Early
While $OM holders sit in despair, this hot,new AI agent has a built-in scam caller, is still in presale, and is available at early-bird prices, which will spike once it hits the open market.
MIND aims to overtake AIXBT as the leading agent in the space, which looks ripe for the taking amid fleeting ai agent developer interest in breakout tokens like AI16Z.
But the hungry team behind Mind Of Pepe isn’t leaving any stone unturned and continues to fine-tune their revolutionary AI agent to ensure MIND holders can maximize the benefits.
Just last month, the devs released a huge update for MIND that improved the agents’ LLM (large language model), boosting intelligence, market insight, and voice consistency.
The agent’s market insight, alpha, and trend-spotting capabilities will be gifted to its token holders. Demand for MIND will surge once outsiders start to see the trading success of the Mind Of Pepe community.
This level of utility looks set to make MIND the biggest AI agent play of 2025, and there will never be a better time to invest than during presale when prices are at their lowest.
Stay up-to-date by joining the online community on X and Telegram.
Visit The MIND Of Pepe Website To Learn More
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