Mantra Token Crash: A Crypto Exchange Nightmare

The Mantra token experienced a devastating plunge on April 13th, wiping out billions in market value and raising concerns about the reliability of crypto exchanges. The token plummeted from $6.30 to a mere $0.37 within hours, prompting comparisons to past rug pull incidents like LUNA and FTX. This sudden crash was amplified by the Mantra team’s silence during the initial drop, leading to panic among investors who faced rapid liquidation orders and rumors of potential manipulation.