In what is a boring week in Crypto, the Mantra price collapsed was a hot topic this week as the price decreased by 90 % last Sunday. As a reminder, the Captainaltcoin team was among the first to report what happened in the entire industry.
The only positive thing in this incident is that the Mantra team looks strong behind the project, and they just released a “rescue plan” after the price of om.
Mantra crash: What really happened
Last Sunday, the Mantra om symbol was amazing, as more than 90 % fell from about $ 6.30 to less than $ 0.50 in just a few hours. This survey erases more than $ 5 billion of market value and has been shocked by encryption markets.
Many factors contributed to the collapse, including forced liquidation during the low periods of hardness, great symbolic deposits from certain portfolios, and increasing concerns about the distinctive and transparent symbol of the project.
In response to the crisis, Mantra has quickly announced a four -step recovery plan. First, they will implement a re -purchase and symbolic burning program to reduce the offer and support the price. Second, they will burn the distinctive symbol allocations for the co -founder JP Mullin and the team, which indicates their commitment to the project. Third, they will work with the stock exchanges to analyze what led to the collapse. Finally, they will launch a transparent information board that offers visions in actual time in the distinctive code measures.
In response to the important and unexpected price procedures it suffers from $ om Earlier this week, our team collected this fact -based evaluation. It addresses our society’s questions and defines measures to enhance market flexibility.
Our investigation … pic.twitter.com/v0hzakidhd
– Talisman Distinguished code RWAS (Mantra_chain) April 16, 2025
Despite these efforts, many investors are still skeptical. Analysts have monitored a bear banner pattern in the om price scheme, which hints to other possible declines if the key resistance levels are not broken. Fears on the features of the features and effectiveness of the project’s recovery plan continue in society.
As of April 18, OM is trading about $ 0.63, a significant decrease in its peak in February 2025 at $ 9.04. The next few days will be very important in determining whether Mantra can restore investor confidence and stabilize the distinctive symbol.
The dynamics of supply and disruption
Interestingly, the Mantra team claims that they did not sell any symbols during the accident. Their team and their consulting allocations remain closed to the Mantra Mainnet, with the involvement of liquid supply in the sale that mostly consists of the old ERC-20-om, not the most recent symbols raised on a talisman chain.
The ecosystem of the logo operates with two types of the distinctive symbols of OM. First, there is Legacy ERC-20 OM that was launched in August 2020, with a fixed supply of 888.88 million. As of April 15, 2025, 99.995 % of these symbols are traded across more than 123,000 portfolios. These symbols have been distributed years ago through many sales, team gatherings, leadership, and grants, which completely exceed the project control.
| category | details |
|---|---|
| Total supply om | 1.81 billion (ERC-20 + Mainnet) |
| Trading offer | 969.61 million (53 % of the total offer) |
| The source of the rotation | 92 % of ERC-20, 8 % of Mainnet |
| Customize the team | Closed (Mainnet only, there is no activity during disruption) |
| Om contract governor | 123,000+ (ERC-20), 200,000+ (MAINNET) |
On the other hand, the Mantra Mainnet OM series was launched in October 2024 with the same fixed show. However, only 77.5 million (about 8.7 %) is currently circulating on MainNet, with the team’s continued customization.
The main meals are that the unique code emptying was not driven by the informed. The accident focuses on the ERC-20 codes that were in their public hands for years. This makes the collapse more about panic in the market, senior holders come out of locations, and low liquidity rather than doubtful developer behavior. All of these factors are intensified by poor vision in the distinctive symbol movements at the time.
This explains why one of the basic elements of a talisman recovery plan is to launch a transparent information panel-to help prevent similar incidents by giving society actual time in balances and symbolic flows.
Also read: Mantra holder lost $ 3.3 million after the collapse
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