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

BNY eyes institutional Bitcoin, Ethereum custody for investors in UAE

Published

6 minutes ago

May 7, 2026

BNY is partnering with Finstreet and ADI Foundation to offer regulated Bitcoin and Ethereum custody to UAE clients from the Abu Dhabi Global Market.

Coin Market

TrustedVolumes hit by $6.7M exploit as 1inch denies breach

Published

6 minutes ago

May 7, 2026

1inch said its protocols, infrastructure and user funds were not affected by the exploit targeting independent resolver TrustedVolumes.

Coin Market

Bithumb enters Vietnam crypto license race with SSI Digital deal

Published

1 hour ago

May 7, 2026

Bithumb’s tie-up with SSI Digital positions it for Vietnam’s strict crypto exchange pilot as competition for scarce licenses heats up and scrutiny mounts at home.