MANTRA OM Plummets 90%, Raising Concerns Over Crypto Market Volatility

The OM token, linked to the Mantra blockchain, experienced a dramatic and sudden plunge of over 90% in value within just one hour on April 13th. This rapid drop from around $6.30 to a near-zero price point ($0.50) saw its market capitalization shrink significantly from billions of dollars to a fraction of its initial worth. This crash, which took place without warning, triggered alarm among investors according to tracking platform CoinGecko. While the price briefly dipped below $0.50 before stabilizing above it, the volatility and sudden decline have sparked widespread concern across the crypto community.