MANTRA’s crash: the initial April 2025 account

Everything We Know So Far About $OM and the #MANTRA Crash

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Over the past few hours, $OM - the token tied to the MANTRA blockchain - has suffered a dramatic collapse, plunging over 87% from around $6 to below $1.50. Some reports suggest the drop may have extended even further.

Speculation is swirling on X, with users debating whether the crash was caused by a massive market sell-off, a developer dump, or other undisclosed factors. So far, no confirmed explanation has emerged.

Frustration is mounting as the MANTRA team remains silent — the founder hasn’t posted in over 24 hours. The lack of transparency has triggered comparisons to the Luna collapse, with growing concerns about supply distribution and whether the team controlled a significant portion of the tokens.

With no official statement from MANTRA, the community is left in the dark - rattled, angry, and demanding answers.

This is massive for #crypto -another sad day for a space already scarred by broken trust.

If this turns out to be yet another team rug, then $OM, my dear friends, is just further proof:
Never buy supply-controlled coins or tokens.
They might perform well for an hour or even five months - but in the end, they always decide when it's over.

And that goes against everything #crypto is supposed to stand for.