Discover the reasons behind the dramatic 90% fall of OM token in the Mantra project. Explore possible causes such as manipulation or hacking. Learn from this crypto market incident.
On April 14, 2025, the OM token belonging to the Mantra project experienced one of the fastest and heaviest crashes in crypto history. The token’s price dropped over 90% in less than an hour, plummeting from $6 to $0.58. This crash wiped out between $3.5 to $4.5 billion of Mantra’s market value, leaving many investors in dismay and shock. Reports indicate that some retail investors on social media have complained of heavy losses, even claiming to have lost all their assets. The possible reasons behind this downfall are manipulation or a hack. The exact cause of this crash has not been officially announced yet, but several hypotheses and accusations have been made.
