Mantra (OM) Price Crashes 90% in an Hour: CEO Provides Explanation

CoinMarketCap

14 Apr

It’s not often that we see multi-billion dollars worth of market capitalization being erased in a matter of hours.

This was the case with Mantra (OM). The protocol, which was largely considered as one of the best RWA crypto projects in 2025 went through a massive crash, which erased 90% of its market value in less than an hour.

Source: CoinGecko

The OM price went from above $6 to below $1 in a moment, while liquidations surpassed $70 million, according to data from Coinglass.

Speaking on the matter was JP Mullin, co-founder and CEO of the protocol, who explained:

We have determined that the OM market movements were triggered by reckless forced closures initiated by centralized exchanges on OM account holders. The timing and depth of the crash suggest that a very sudden closure of account positions was initiated without sufficient warning or notice.

Sherpas, OMies, and broader crypto community,

First off, the team and I greatly appreciate the support that we have received over the past several hours, which we believe is a testament to the strong support MANTRA has among its investors and community.

We have determined that…

— JP Mullin (, ️) (@jp_mullin888) April 13, 2025

The post Mantra (OM) Price Crashes 90% in an Hour: CEO Provides Explanation appeared first on CryptoPotato.

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The protocol, which was largely considered as one of the best RWA crypto projects in 2025 went through a massive crash, which erased 90% of its market value in less than an hour.</p>\n<figure aria-describedby=\"caption-attachment-392182\"><img height=\"1394\" sizes=\"(max-width: 2586px) 100vw, 2586px\" src=\"https://cryptopotato.com/wp-content/uploads/2025/04/Screenshot-2025-04-14-at-7.32.19.png\" srcset=\"https://cryptopotato.com/wp-content/uploads/2025/04/Screenshot-2025-04-14-at-7.32.19.png 2586w, https://cryptopotato.com/wp-content/uploads/2025/04/Screenshot-2025-04-14-at-7.32.19-300x162.png 300w, https://cryptopotato.com/wp-content/uploads/2025/04/Screenshot-2025-04-14-at-7.32.19-1024x552.png 1024w, https://cryptopotato.com/wp-content/uploads/2025/04/Screenshot-2025-04-14-at-7.32.19-768x414.png 768w, https://cryptopotato.com/wp-content/uploads/2025/04/Screenshot-2025-04-14-at-7.32.19-1536x828.png 1536w, https://cryptopotato.com/wp-content/uploads/2025/04/Screenshot-2025-04-14-at-7.32.19-2048x1104.png 2048w, https://cryptopotato.com/wp-content/uploads/2025/04/Screenshot-2025-04-14-at-7.32.19-50x27.png 50w\" width=\"2586\"/>\n<figcaption>\n  Source: CoinGecko\n </figcaption>\n</figure>\n<p>The OM price went from above $6 to below $1 in a moment, while liquidations surpassed $70 million, according to data from Coinglass.</p>\n<p>Speaking on the matter was JP Mullin, co-founder and CEO of the protocol, who explained:</p>\n<blockquote>\n<p>We have determined that the OM market movements were triggered by reckless forced closures initiated by centralized exchanges on OM account holders. The timing and depth of the crash suggest that a very sudden closure of account positions was initiated without sufficient warning or notice.</p>\n</blockquote>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">Sherpas, OMies, and broader crypto community,</p>\n<p>First off, the team and I greatly appreciate the support that we have received over the past several hours, which we believe is a testament to the strong support MANTRA has among its investors and community.</p>\n<p>We have determined that…</p>\n<p>— JP Mullin (, ️) (@jp_mullin888) April 13, 2025</p>\n</blockquote>\n<p>The post Mantra (OM) Price Crashes 90% in an Hour: CEO Provides Explanation appeared first on CryptoPotato.</p></body></html>","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mantra (OM) Price Crashes 90% in an Hour: CEO Provides Explanation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMantra (OM) Price Crashes 90% in an Hour: CEO Provides Explanation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-04-14 12:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/67fc92bf413ea92b14b784e8/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s not often that we see multi-billion dollars worth of market capitalization being erased in a matter of hours.\nThis was the case with Mantra (OM). The protocol, which was largely considered as one...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67fc92bf413ea92b14b784e8/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OM","symbol_name":"Outset Medical Inc.","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/67fc92bf413ea92b14b784e8/","article_id":"2527920475","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527920475","pubTimestamp":1744605885,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"It’s not often that we see multi-billion dollars worth of market capitalization being erased in a matter of hours.This was the case with Mantra . The protocol, which was largely considered as one of the best RWA crypto projects in 2025 went through a massive crash, which erased 90% of its market value in less than an hour.The OM price went from above $6 to below $1 in a moment, while liquidations surpassed $70 million, according to data from Coinglass.Speaking on the matter was JP Mullin, co-founder and CEO of the protocol, who explained:. We have determined that the OM market movements were triggered by reckless forced closures initiated by centralized exchanges on OM account holders. The timing and depth of the crash suggest that a very sudden closure of account positions was initiated without sufficient warning or notice.First off, the team and I greatly appreciate the support that we have received over the past several hours, which we believe is a testament to the strong support MA","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"OM":"Outset Medical Inc.","BK4082":"医疗保健设备"},"translate_title":"Mantra(OM)价格一小时内暴跌90%：首席执行官提供解释","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OM":1},"content_text":"It’s not often that we see multi-billion dollars worth of market capitalization being erased in a matter of hours.\nThis was the case with Mantra (OM). The protocol, which was largely considered as one of the best RWA crypto projects in 2025 went through a massive crash, which erased 90% of its market value in less than an hour.\n\n\n  Source: CoinGecko\n \n\nThe OM price went from above $6 to below $1 in a moment, while liquidations surpassed $70 million, according to data from Coinglass.\nSpeaking on the matter was JP Mullin, co-founder and CEO of the protocol, who explained:\n\nWe have determined that the OM market movements were triggered by reckless forced closures initiated by centralized exchanges on OM account holders. The timing and depth of the crash suggest that a very sudden closure of account positions was initiated without sufficient warning or notice.\n\n\nSherpas, OMies, and broader crypto community,\nFirst off, the team and I greatly appreciate the support that we have received over the past several hours, which we believe is a testament to the strong support MANTRA has among its investors and community.\nWe have determined that…\n— JP Mullin (, ️) (@jp_mullin888) April 13, 2025\n\nThe post Mantra (OM) Price Crashes 90% in an Hour: CEO Provides Explanation appeared first on CryptoPotato.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}