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Mantra, the real-world asset (RWA) tokenization platform, shared the latest update on Apr. 30 regarding the crash of the OM token. Co-founder and CEO John Mullin said in the post that crypto ...

Mantra has cited broader industry factors as contributing to the recent collapse of its OM token, with CEO John Mullin calling on exchanges to reassess their leverage policies.

On Apr. 13, the price of the Mantra Chain (OM) token dramatically tanked by more than 90% to as low as $0.456472. Mantra is a well-known blockchain for real-world asset (RWA) tokenization.

However, according to Arkham, in the days before the crash, several wallets deposited OM to exchanges. One of the wallets sent over 470K OM to Binance, while another address made a series of deposits ...

MANTRA’s OM token plunged 90% in one hour, erasing $5.5 billion in value. Reports cite insider activity, OTC deals, ... The timing and depth of the crash suggest that a very sudden closure of account ...

Mantra’s co-founder is speculating its native token’s sudden 90% plunge was caused by exchanges forcibly closing accounts, ... “However, they may have hedged the position elsewhere, ...

MANTRA's OM token crashed 90% as exchanges allegedly forced position closures, wiping billions in value amid controversy over pre-crash token movements. ... Mullin suggested that “a very sudden ...

Mantra OM token plunges 90%, wiping $6B in value amid market turmoil, ... He noted that the timing and severity of the drop indicated abrupt position liquidations without adequate warning.