{"id":22216,"date":"2025-04-15T11:15:14","date_gmt":"2025-04-15T11:15:14","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=22216"},"modified":"2025-12-29T11:46:08","modified_gmt":"2025-12-29T11:46:08","slug":"mantra-om-crypto-crash-90-value-plunge-and-8-billion-wiped-out","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/mantra-om-crypto-crash-90-value-plunge-and-8-billion-wiped-out\/","title":{"rendered":"Mantra (OM) Crypto Crash: 90% Value Plunge and $8 Billion Wiped Out"},"content":{"rendered":"\n

One of the most popular cryptocurrencies lost nearly 90%<\/strong> of its value within hours\u2014resulting in a wipeout of $8 billion<\/strong>! The cryptocurrency known as Mantra (OM)<\/strong> lost approximately 90%<\/strong> of its value in just a few hours today. So, what happened?<\/p>\n\n\n\n

The crypto sector once again revealed its harsh side. Referred to as Mantra (OM)<\/strong>, and having recently ranked among the largest cryptocurrencies by volume, OM<\/strong> caused a multi-billion-dollar loss within hours.<\/p>\n\n\n\n

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So, what exactly occurred?<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

The relatively new cryptocurrency, Mantra (OM)<\/strong>, had captured the attention of many investors. OM<\/strong>, which reached a value of $1 in July, had climbed to $8.2 on February 23, 2025<\/strong>. Due to a recent overall downturn, the crypto asset was trading around $6, but yesterday it plunged to as low as $0.5 within a matter of hours. As you can see in the table above, OM<\/strong> lost its value without even giving its investors a chance. In the last 24 hours, the crypto asset lost over 87%<\/strong> of its value, creating an unprecedented situation for its investors. The event surrounding OM<\/strong> has led to the erasure of approximately $8 billion<\/strong> from the markets.<\/p>\n\n\n\n

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So, why did such a drop occur?<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

There is no official explanation regarding the incident; however, some sources claim that the Mantra<\/strong> team sold off their holdings at the peak, and once this news spread, the selling pressure intensified. Additionally, many people are blaming Binance<\/strong>, the world’s largest cryptocurrency exchange, for this event. Investors are criticizing Binance<\/a><\/em><\/strong> for not freezing its developer accounts.<\/p>\n\n\n\n

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    <\/ul>","protected":false},"excerpt":{"rendered":"

    One of the most popular cryptocurrencies lost nearly 90% of its value within hours\u2014resulting in a wipeout of $8 billion! The cryptocurrency known as Mantra (OM) lost approximately 90% of its value in just a few hours today. So, what happened? The crypto sector once again revealed its harsh side. Referred to as Mantra (OM), …<\/p>\n","protected":false},"author":1,"featured_media":22219,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAown96uCw:productID":"","footnotes":""},"categories":[309],"tags":[317],"class_list":["post-22216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-web3new","tag-crypto-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/22216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/comments?post=22216"}],"version-history":[{"count":0,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/22216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media\/22219"}],"wp:attachment":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media?parent=22216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/categories?post=22216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/tags?post=22216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}