Date: 2025-04-13
Update (4.13.2025 22:02:20): This article has been updated to provide updates from the Mantra teamThe price of the Mantra (OM) token, the native cryptocurrency of the Mantra real-world tokenized asset blockchain, has collapsed by over 90% in the last 24 hours.On April 13, Mantra fell from a price of approximately $6.3 to below $0.50 and shed over 90% of its $6 billion market cap.Some traders characterized the token collapse as an apparent rug pull. Market investor Gordon wrote: "[The] team needs to address this or OM looks like it could head to zero, biggest rug pull since LUNA/FTX?"However, the exact reason for the collapse of the OM token's price is not clear at the time of this writing. Cointelegraph reached out to the Mantra team for co...
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