MANTRA Token Suffers Catastrophic Plunge, Losing $6 Billion in Market Cap

The MANTRA (OM) token experienced a dramatic and unexpected crash today, wiping out over 98% of its value within minutes. This resulted in more than $6 billion vanishing from the project’s market capitalization as per data from CoinMarketCap. The rapid decline saw OM plummet from nearly $6 to just $0.57 before most investors even realized what was happening. By the time charts updated, the project’s valuation had dropped from $6.09 billion to a mere $699 million, showcasing the speed and magnitude of this market shock.