The Crypto Mantra project is going through an unprecedented storm. Its native token, OM, lost more than 90 % of its value in a few hours, erasing billions of dollars in capitalization. A brutal fall that raises many questions within the crypto community and investors.
Mantra: the token OM collapses by more than 90 %
After the recent collapse of the crypto market at more than $ 200 million, the ecosystem is once again shaken. Indeed, the Token OM, an active native of the Mantra project, lost more than 90 % of its value in less than four hours this April 13, 2025. Listed at more than $ 6 at the start of the day, OM brutally collapsed at $ 0.37, before bounced slightly around $ 0.60! A fall of 93 % compared to its historic summit of $ 9 reached at the start of the year.
For the moment, no official explanation has been confirmed. Speculations emerge on a possible massive sale of tokens OM by the founding team. Mantra’s official Telegram, now closed to new members, has seen a message from Dustin McDaniel, Community Lead of the Crypto project, assuring that the team is “aware of the concerns” and prepares an answer.
In an official press release, Mantra denies any direct involvement and attributes the crash to reckless liquidations on the markets. The team promises to provide more information in the coming days.
A project, however promising
OM's collapse intervenes while Mantra had established himself as a key player in the tokenization of active active world (RWA), with notable partnerships with Google Cloud and the Damac Group of Dubai.
Traders were quick to evoke a potential Rug Pull, comparing the fall of OM to that of Luna or FTX. A crypto investor even said: “If the team does not react, OM could go to zero ».
While the crypto imposed itself as a pillar of decentralized finance, this sudden fall highlights the systemic risks that remain. The case of the Mantra token OM could have a lasting impact on the confidence of crypto investors in projects related to RWA.
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