Connect with us

Coin Market

Mantra token price collapses by over 90% in 24 hours

Published

1 year ago

on

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.

Related: Mantra unveils $108M fund to back real-world asset tokenization, DeFi

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

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Coin Market

Bitcoin falls under $80K but four-month high in weekly BTC ETF inflows may curb selling

Published

42 minutes ago

on

May 7, 2026

By

Bitcoin hit resistance at $82,800, triggering a drop below $80,000, but a $1.105 billion weekly inflow into spot BTC ETFs could slow sellers.

Continue Reading

Coin Market

Samson Mow defends Strategy selling portions of its Bitcoin treasury

Published

3 hours ago

on

May 7, 2026

By

The Bitcoin advocate spoke up after Michael Saylor signaled that the company might sell some BTC, a major departure from the Strategy founder’s previous rhetoric.

Continue Reading

Coin Market

Kalshi see valuation double to $22B after $1B raise as prediction markets boom

Published

3 hours ago

on

May 7, 2026

By

Fresh capital from top Wall Street and Silicon Valley firms signals increasing confidence in regulated event trading and retail prediction markets.

Continue Reading

Trending