Here is the reason for the low price of the talisman (OM) by 90 %

We hope that if you are holding a talisman this morning, you are no longer. Purely because the price of om decreased by 90 %, from more than $ 6.10 to less than $ 0.60. In the last hour or so, PRICE managed to apostasy about $ 1.00.

But what happened? Let’s dig

A single encoding analyst compare this to the collapse of Terra Luna. According to them, the talisman team threw allocating the full symbol. This represents about 90 % of all traded symbols. They also deleted the official Telegram group of Mantra. Like this, about 3.5 billion dollars disappeared in the market value in hours.

Welcome to Terra Luna V.2.

For those who wonder, $ om The team delivered it completely. This is 90 % of the total circulating offer, gold.

They also deleted the official Telegram group of Mantra.
Like this, 3.5 billion dollars disappeared in the market.

And yes, @jp_mullin888 he … pic.twitter.com/qjig5waqc1

– Choze (Alwaysbeenchoze) April 13, 2025

The Awalat team claims that the project is still strong. They say that today’s accident came from “reckless squares” and had nothing to do with the project itself. They insist that their team was not responsible for discharge. They promise to investigate and share more details soon about what actually happened.

A talisman community – we want to assure you that the talisman is mainly strong. Today’s activity was operated through a reckless liquidation, not anything related to the project. One thing we want to be clear on it: this was not our team. We are looking at it and we will share more details …

– Talisman Distinguished code RWAS (Mantra_chain) April 13, 2025

What does this mean for investors

These opposition stories raise serious concerns. The price decreased by 90 % in one day shows something wrong. While the team blames external liquidation, many market monitors do not believe this interpretation.

This incident reminds us of how risky encryption investments can be, especially with newer symbols. Projects can quickly collapse, and regular investors usually suffer more than others.

A talisman holder now face uncertainty. They should wait to find out what has already caused the massive prices and wondering whether their investment can be recovered. The next few days will appear whether this is just a temporary crisis or the end of the project.

Also read: $ 50 million in XRP to FEDS? How many distinctive symbols you need to join 1 % club?

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