The cryptocurrency project, Mantra, has experienced a dramatic downfall after its native token OM saw an astonishing 91% price drop. This shocking event left many questioning what caused the sudden collapse of a project previously known for its transparency and innovation in the Real-World Asset (RWA) space. 2020 Mantra DAO was launched with high hopes and a focus on building a secure and compliant ecosystem, but it recently witnessed a dramatic reversal. Initial success included securing licenses from regulators like Dubai’s VARA, partnerships with big names like DAMAC Group and Google Cloud, and community-driven decision making through proposals and voting processes. These factors initially fostered trust in the project. However, OM, Mantra’s token, experienced a drastic 91% price drop, wiping out nearly $5 billion in market capitalization. A key contributing factor appears to be the alleged dumping of OM tokens by team members, followed by deleting their official Telegram group and raising further concerns about potential market manipulation. The project’s current situation echoes the Terra collapse of 2022, prompting comparisons to a similar scenario. The aftermath has ignited debate, with some accusing the team of orchestrating market manipulations while others point to potential involvement from external partners like Laser Digital, who denies any connection to the price crash. However, recent developments suggest that the exchange HTX is listing OM tokens on its platform. This move, though seen as a potential lifeline for the project by some, has also drawn criticism for potentially supporting or even enabling market manipulation accusations. The ongoing investigation into Mantra’s collapse remains crucial as authorities and experts gather further evidence to determine the actual cause of this significant event in the crypto world.