Recently, there has been a huge decline in the price of Mantra’s native token OM. On April 13, the price of OM fell by about 93%, causing its market cap to fall more than $ 6 billion. The accident has stirred the market and many investors consider it a big Rug Speed. However, Mantra’s co-founder JP Mullin explained the reason for the decline to “Reckless Liquidations” and assured that our team is not going anywhere except this project. Let us understand this development and try to know what its future can be.
Sudden decline in the price of Om Token
Om token value The fall in surprised many traders. On April 13, OM’s price declined from $ 6.2 to $ 0.43, which was more than 93%. This also reduced its total market cap to more than $ 6 billion. This development created a sense of uncertainty in the market and a wave of concern ran among investors. However, Om Token is trading on $ 0.7847 until the news is written.
Is the team’s fault behind the fall of Om Token?
Some investors and traders connected the accident to a large Rug Speed, as in the cases of Luna and FTX. However, Mantra’s co-founder JP Mullin denied this element, saying that the team is not responsible for the decline of tokens. Mullin issued a statement on X, stating that the reason for the decline was “reckless liquidations”, not a mistake made by the team.
Mantra’s big step in Center East
Mantra recently tried to establish his foot in Center East. In January 2025, he signed a $ 1 billion tokisation deal with a large real estate group called Damac. Subsequently, in February, Mantra also received a virtual asset service provider license from Vara of Dubai, giving him the right to legally operate in UAE. This step proved to be a major achievement for Mantra and became a positive outlook regarding its future. If you What is mantra (om) If you want to know about it in detail, then click on the given link.
Can this accident be harmful for Mantra?
This huge decline in the price of Om Token has stagger the trust of investors. However, Mantra has cleared his team’s loyalty and said that they are not leaving the project. Despite this, the incident can be a major setback for Mantra, especially when they were planning to overcrow over the market of real estate and physical assets through Tokanization.
What are the expectations for the future?
Mantra has not yet indicated any change regarding its plan. The team says that they are committed to the project and the position of OM Token will improve in the coming time. However, it is difficult to say whether OM’s future will be bright, as market conditions can change very fast. If Mantra implements his plans properly and the investors’ confidence succeeds in winning again, then the price of OM Token can improve.
Conclusion
The sudden decline in the price of Om Token has raised concerns between investors and traders. However, Mantra’s co-founder JP Mullin has cleared the team’s loyalty, describing it as the result of “Reckless Liquidations”. Om Token is difficult to predict, but it will be important to keep an eye on the efforts and plans of Mantra’s team. In the future, if Mantra fulfills its objectives correctly, it is possible to have improvement in Om Token.
