20h ago
Mantra’s OM crashes over 99% in 2025 as project disputes OKX over alleged price manipulation
Mantra’s OM token has lost over 99% of its value in 2025 after an April crash, with the project team and exchange OKX trading accusations over what caused the collapse. OKX alleged the team borrowed large amounts of USDT using OM as collateral to inflate the token price before liquidations triggered heavy selling, while Mantra’s CEO denied any ongoing legal battle with the exchange as the project prepares to migrate OM to MANTRA by 15 January 2026.