A Rug or Hack: $5.9 Billion MC Token Falls to $500M Within A Few Hours
April 15th, 2025
RWA L1, Mantra experienced sudden decline in its token, $OM from $5.9B MC to $500M in a SINGLE CANDLE!
The team says this wasn’t due to any flaw in the project itself, but rather a cascade of forced liquidations on centralized exchanges during thin trading hours. But the dipped really affected the community members and many lost millions of dollars.
Right now, the community is expecting the team to respond correctly and just maybe - there will be a retracement.