{"id":3443,"date":"2025-04-14T08:17:04","date_gmt":"2025-04-14T07:17:04","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=3443"},"modified":"2025-04-14T08:17:07","modified_gmt":"2025-04-14T07:17:07","slug":"mantra-om-price-plummets-rug-pull-or-hack","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/mantra-om-price-plummets-rug-pull-or-hack\/","title":{"rendered":"Mantra (OM) Price Plummets by 90% in 24 Hours : What Triggered This Massive Drop ?"},"content":{"rendered":"\n

MANTRA Collapse : Hack or Rug Pull ?<\/h2>\n\n\n\n

On April 13, 2025, MANTRA (OM) plummeted from $6.34 to $0.46 in 24 hours<\/strong>, a 90% drop that saw its market capitalization plunge from $6 billion to $400 million<\/strong>, according to CoinGecko<\/a>.<\/p>\n\n\n

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\"Mantra
Mantra (OM) token crash on April 13, 2025 – Coingecko<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n

Posts on X are pointing to massive token transfers<\/strong> to exchanges before the crash, fueling rumours of dumping<\/strong> or a rug pull<\/strong>.<\/p>\n\n\n\n

Will Sheehan, community lead, denied these accusations, stating that the team is working to clarify the situation without providing immediate details.<\/p>\n\n\n

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\"Mantra<\/figure>\n<\/div>\n\n\n

Backed by a $108 million fund<\/strong> and a VASP license<\/strong> in Dubai, the RWA project seemed promising. However, the severity of the crash and initial lack of transparency triggered panic, with explosive trading volumes.<\/p>\n\n\n\n

Following today\u2019s liquidations, MANTRA addressed the situation on X, reassuring the community that the project\u2019s fundamentals remain strong and clarifying that the team was not behind the activity.<\/p>\n\n\n\n

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MANTRA community – we want to assure you that MANTRA is fundamentally strong. Today\u2019s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: this was not our team. We are looking into it and will share more details\u2026<\/p>— MANTRA | Tokenizing RWAs (@MANTRA_Chain) April 13, 2025<\/a><\/blockquote>