Mantra token price collapses by over 90% in 24 hours



<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NGI4M2UtY2FlZi03NTY4LTg1OGEtNDYyMjI4ZmY4YmZl.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NGI4M2UtY2FlZi03NTY4LTg1OGEtNDYyMjI4ZmY4YmZl.jpg" alt="Mantra token price collapses by over 90% in 24 hours"></p><p>The price of the Mantra (<a data-ct-non-breakable="null" href="https://cointelegraph.com/mantra-price-index" rel="null" target="null" text="null" title="null">OM</a>) token, the native cryptocurrency of the Mantra real-world tokenized asset blockchain, has collapsed by over 90% in the last 24 hours.<p>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.</p><figure><img alt="Mantra token price collapses by over 90% in 24 hours" src="https://s3.cointelegraph.com/uploads/2025-04/019630ac-ede5-72fc-a886-f6c402821b2a" title=""><figcaption style="text-align: center;"><p><em>Mantra token market cap and overview. Source: </em><a data-ct-non-breakable="null" href="https://www.coingecko.com/en/coins/mantra" rel="nofollow noopener" target="_blank" text="null" title="https://www.coingecko.com/en/coins/mantra"><em>CoinGecko</em></a></p></figcaption></figure><p>Traders are characterizing the token collapse as an apparent rug pull. Market investor Gordon <a data-ct-non-breakable="null" href="https://x.com/AltcoinGordon/status/1911498665786585397" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/AltcoinGordon/status/1911498665786585397">wrote</a>: &ldquo;[The] team needs to address this or OM looks like it could head to zero. Biggest rug pull since LUNA/FTX?"</p><p>However, the exact reason for the collapse of the OM token's price is not clear at the time of this writing.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/mantra-108-m-fund-rwa-tokenization-defi-startups" rel="null" target="null" text="null" title="null"><em><strong>Mantra unveils $108M fund to back real-world asset tokenization, DeFi</strong></em></a></p><p class="post-content__disclaimer" type="">This is a developing story, and further information will be added as it becomes available.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
</p>



https://cointelegraph.com/news/mantra-pr...er_inbound