Mantra Token Plummets 85%, Triggering Concerns of Rug Pull

The Mantra token (OM), once a promising player in the world of real-world asset tokenization, has experienced a dramatic and unprecedented collapse. In a single day, OM plummeted over 85% from trading above $6.30 to below $0.43 on April 13th. This drastic drop wiped out nearly $6 billion in market capitalization, leaving investors reeling and raising serious concerns about potential rug pulls.