On April 13, 2025, Mantra’s OM token crashed hard. In just a few hours, the price dropped from $6.32 to $0.49 – over 90% of its value gone. This shocking collapse has left many wondering if the OM price can bounce back, and if this might actually be a chance to buy at a discount.
Before we talk about recovery, let’s understand what Mantra actually is. The project focuses on bringing real-world assets into crypto, offering DeFi services, and managing digital assets securely. The OM token is used for governance, staking, and transactions on the MANTRA Chain, which is built on Rio Chain infrastructure.
The crash exposed some serious problems. Around 90% of all OM tokens were held by just a few wallets, with only 20% actually being traded regularly. This created a dangerous situation where there wasn’t enough liquidity to handle large sales.
What triggered the collapse? Over 43 million tokens suddenly moved to exchanges right before the crash. This caused traders with leveraged positions to face margin calls, forcing massive liquidations on Binance and Bybit. With thin order books, the price just kept falling.
After the crash, JP Mullin and the Mantra team quickly denied any insider trading. They’ve announced plans for token burns and buybacks to try to fix the situation.
3) To the community of OM traders, you have long believed in MANTRA. However, yesterday, as a result of massive forced liquidations of large OM holders’ positions on a particular crypto exchange, many suffered losses. Regardless of your scale of loss, you are very much on my mind…
— JP Mullin (🕉, 🏘️) (@jp_mullin888) April 15, 2025
What you'll learn 👉
Can the Mantra (OM) Price Recover?
JP Mullin, Mantra co-founder, has been talking to the community non-stop since the crash. He thanked everyone for their support and reminded people that Mantra has survived tough market cycles before. “When others stopped building, we kept going. This time is no exception,” he said.
Mullin acknowledged the pain felt by OM traders: “Regardless of your scale of loss, you are very much on my mind and the team’s thoughts.”
The team promised to release a detailed report explaining exactly what happened. They’re also planning an OM token buyback program and will burn some of the supply to rebuild trust. In a bold move, Mullin even said he’ll burn all his team tokens that were set to vest in 2027: “When we turn it around the community and investors can decide if I have earned it back.”
After these announcements, the OM price showed some small green candles, but it’s nowhere near its former high. Getting back to $6.30 would mean a 700% rise from current levels—a huge climb back.
Is This OM Price Drop a Buying Chance or a Warning?
If you’re thinking about buying OM after this crash, there are a few things to consider. The 30-minute chart shows what might be a bullish pennant pattern, but smart traders will wait for a clear breakout before jumping in.
For Mantra to truly recover, they’ll need to rebuild trust. New partnerships, protocol updates, or successfully carrying out their promised token burns could help. People will be watching closely to see if the team can deliver on their recovery plans.
This crash reminds many of other famous crypto collapses like Luna. For anyone thinking about buying this dip, it’s worth studying chart patterns for clear signals and watching for positive developments in the project itself.
Read Also: What Could XRP Be Worth if Ripple Captures 10% of SWIFT and Hidden Road’s Volume?
Right now, buying OM is definitely risky. The crash was severe, and nobody knows for sure if or when Mantra will recover. While there could be big gains if the price climbs back up, you should carefully consider whether you can afford to take this gamble. Remember that even promising recovery efforts sometimes fail in crypto.
If you’re interested in the OM price movement, keep an eye on the team’s actions over the coming weeks. Their ability to rebuild trust and create real value will likely determine whether Mantra can rise from the ashes or not.
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