OM Price Plummets 94% in 1 Hour: $6B Wiped Out as Whales Dump $91M Pre-Crash

The cryptocurrency market faced unprecedented turmoil on Sunday as MANTRA Token’s OM price collapsed over 90% in under four hours, erasing $5.5 billion in market value and triggering $68.8 million in liquidations. The Layer 1 blockchain’s native token plummeted from $6.30 to $0.37, sparking allegations of insider dumping amid reports that whales transferred $91 million worth of OM to exchanges days before the crash. While MANTRA’s CEO attributed the crash to “reckless forced liquidations” by centralized exchanges during low-liquidity hours, analysts cite suspicious on-chain activity, including a 4.5% supply dump by linked wallets, fueling rug-pull comparisons to LUNA’s historic collapse.

OM Price Crashes 90%: $5.5B Vanishes in MANTRA Token Meltdown

On April 13, the price of MANTRA Token (OM) imploded more than 90% within less than an hour, taking with it a market capitalization of $5.5 billion. It is associated with a layer-1 blockchain built around real-world asset tokenization. The token previously traded at about $6.33 and closed under $0.50, thereby causing $68 million worth of liquidations. Allegedly, the MANTRA team sold nearly 90% of the circulating supply, and on-chain data revealed considerable deposits of tokens to exchanges before the crash. 

Denies joint co-founder John Patrick Mullin of MANTRA that there was a rug pull; it was caused, he said, by reckless forced liquidations due to the centralized exchanges during low-liquidity hours and timeframes. Meanwhile, the exchanges issued statements indicating that changes were in the tokenomics of MO and that the effects went very far into mass cross-exchange liquidations. The incident has thousands of investors demanding answers and accountability from the MANTRA team while nurturing pessimism for the project’s future. 

OM Price Analysis of the Last 24 Hours

A severe bearish breakdown occurred within the OM 5-minute chart leading to a distinct breakdown structure from its previous stable price range after experiencing a rapid downward breakout. At the $6.39 resistance zone, the MANTRA Token (OM Price) broke downward towards support where stable prices settled near $0.67 to $0.70 as a result of the previously documented crypto market 88% collapse. Multiple instances of RSI indicating oversold market conditions threshold at the same time as the market-wide position liquidations that exceeded $71.8 million documented in the news. 

Chart 1, analysed by Anushri Varshney, published on TradingView, April 14, 2025

The MACD indicator indicates bearish control because the market sank deeply below the zero line which shows a negative momentum pattern. One of the overextension rebounds displayed a temporal golden cross with the MACD line crossing above the signal line, yet this pattern failed because of sustained market anxiety. Lower highs and lower lows define the OM market structure, which continues in its heavy downtrend. 

Future of OM Price: Predictions and Insights

With the sudden ABP crash of MANTRA Token, investors are left speculating on its trajectory. Despite the token recently trading down over 90 percent in value, opinions remain divided among experts regarding its resurrection chances. Bullish scenarios project that OM could bounce back to between $7.11 and $11.53 around late 2025 on the back of developments in the MANTRA ecosystem and pressing adoption of real-world asset tokenization.

However, bearish prospects cite a huge challenge for the token, inasmuch as it will have to win back investor trust, along with short-term price targets condemned to wallow below $0.80. The analysts mentioned that high volatility and market sentiment rule OM’s course forward. The crypto market is, therefore, predominantly speculative because of investigations into alleged linkages of insider activities and forced liquidations into the long-term viability of MANTRA. Whether OM will hopefully redeem itself back to an all-time high or spiral into prolonged instability rests on project-team transparency and the regeneration of investor trust.