The Mantra (OM) token experienced a dramatic 90% price drop in a single day, sending shockwaves through the crypto market. Just two months ago, OM was trading near its all-time high of $9, but now its value has plummeted to $0.4222 before recovering slightly to $0.7597. This sudden collapse has revived past controversies about the Mantra team and their history, prompting comparisons to infamous crypto failures like the LUNA/UST crash. blockchain analysis firm Lookonchain identified at least 17 wallets that dumped a massive 43.6 million OM tokens (worth $227 million) into exchanges since April 7. This is a significant chunk of OM’s total supply, and it could contribute to the current drop.