Coin Market

Mantra token price collapses by over 90% in 24 hours

Published

1 year ago

April 13, 2025

The 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.

Mantra token market cap and overview. Source: CoinGecko

Traders are characterizing 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.

This is a developing story, and further information will be added as it becomes available.

Coin Market

JPMorgan, Mastercard make first cross-border US Treasury transfer via XRP Ledger

Published

29 minutes ago

May 7, 2026

The cross-border tokenized US Treasury transaction using blockchain and banking rails builds on an earlier pilot in which the same fund moved between a public and permissioned blockchain.

Coin Market

Three reasons why Ether price rallies fizzle near $2.4K

Published

2 hours ago

May 7, 2026

Ether rallies are abruptly capped at $2,400 and multiple data points suggest this pattern will remain in play for the foreseeable future.

Coin Market

Bitcoin market dominance moves above 61%: Will altcoins follow?

Published

4 hours ago

May 6, 2026

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