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

Crypto Polo Cup returns for its fourth edition in Palm Beach during Consensus Miami week

Published

6 minutes ago

May 7, 2026

Hosted by Luna PR, the fourth edition of the Crypto Polo Cup (CPC) will take place on May 9, 2026, at the Santa Clara Polo Club, alongside Consensus Miami.

Coin Market

Arbitrum vote to release $71M in frozen Kelp exploit ETH set to pass

Published

1 hour ago

May 7, 2026

The Snapshot vote would move the recovery effort toward a binding onchain Arbitrum governance proposal.

Coin Market

Germany weighs 2027 crypto tax overhaul as one-year holding rule under threat

Published

1 hour ago

May 7, 2026

Germany may overhaul its crypto tax rules from 2027, potentially curbing the country’s hallmark one-year tax-free holding rule as it tightens enforcement and seeks extra revenue.