Web3.0

RWA-focused blockchain Mantra (OM) crashes 90% from the previous day; official denies rug-pull allegations

2025/04/14 11:53 (Updated 2025/04/15 10:01)

CoinPost

Written by A.Yamada

RWA-focused blockchain Mantra (OM) crashes 90% from the previous day; official denies rug-pull allegations

Mantra (OM) plummets 90%

The price of Mantra (OM), an L1 blockchain focused on real-world asset (RWA) tokenization, has fallen by more than 90% in 24 hours.

Some in the cryptocurrency community have pointed out the possibility of rug-pull (exit fraud), but the Mantra team has denied this.

On the 13th, the price of the OM token fell by about 10% between 5:20 PM UTC and 6:20 PM UTC. It then plummeted from $5.21 to about $0.50, a 90% crash in a few hours. As of the time of writing, it has rebounded slightly to $1.13.

Mantra's official X account...

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Iolite Vol.14

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