OM’s price collapse was triggered by cascading liquidations. Centralized exchanges executed mass liquidations during thin liquidity hours, which set off a chain reaction that drove OM’s value down by more than 90% in hours. Leveraged traders were wiped out, panic set in, and the token spiraled toward the A$0.30 zone.
Speculation of insider dumping circulated, but the Mantra team denied those claims, instead pointing to external liquidations as the cause. Regardless, the damage to confidence was immediate, leading to one of the fastest declines seen in altcoins this year.
In response, the Mantra team announced measures to stabilize OM, including a token burn of up to 150 million OM from their holdings. Combined with partner contributions, this could permanently remove around 300 million OM from circulation.
Additionally, the project is working on moving OM to its native blockchain, which may strengthen liquidity and improve long-term trust.
Despite the crash, there are strong reasons to believe OM could recover:
For those looking to take advantage of OM’s volatility and potential rebound, Gate.com is a trusted platform offering liquidity and wide token listings. Whether for short-term trades or long-term positioning, Gate.com provides easy access to Mantra.
1. Why did OM drop from A$12 to A$0.36?
The fall was caused by a cascade of liquidations in low-liquidity conditions, amplified by panic selling.
2. Can OM reach A$1 again?
Yes, if recovery measures, token burns, and altseason momentum align, A$1 is achievable.
3. Is Mantra still building after the crash?
Yes, the project continues to focus on RWA tokenization and is transitioning OM to its native chain.
4. Is OM high risk?
Yes, OM carries higher volatility due to its recent crash, but that also means higher upside potential.
5. Where can I trade OM crypto?
OM is available on Gate.com, which provides deep liquidity and access to emerging tokens.
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