Devastating Event Unfolds in the Crypto World as MANTRA Token Collapses, Drawing Eerie Comparisons to Luna Crash

A devastating event has unfolded in the crypto world as MANTRA, a prominent real-world asset (RWA) token, has experienced a catastrophic collapse

A devastating event has unfolded in the crypto world with the catastrophic collapse of MANTRA, a prominent real-world asset (RWA) token, drawing eerie comparisons to the infamous Luna crash of the previous market cycle.

The token, once boasting a $6 billion market cap, plunged to just $473 million within minutes, triggering shockwaves across the crypto community. Investors are reeling, with some sharing emotionally charged posts online, highlighting the severe psychological toll of such financial loss.

This event has also sparked heated debate and skepticism, especially considering the claims of major partnerships and a promising on-chain financial ecosystem that MANTRA touted. However, these claims are now being questioned, with allegations suggesting that the team controls up to 90% of the token’s supply, fueling speculation of a possible rug pull.

This sentiment has been amplified by resurfaced fraud accusations from 2021 and eerily accurate warnings from early 2025, hinting that trouble may have been brewing long before the public collapse.

Impact on Large Investors: Devastating Losses and Threats of Legal Action

The impact on large investors has been particularly brutal. One individual revealed he had invested $3.5 million into the token, only to watch his holdings shrink to less than $200,000—a loss of more than 90%.

He has now threatened legal action, citing misleading information and misrepresented partnerships that influenced his decision-making. His experience serves as a stark reminder that even the most due-diligent investors can fall victim to deceptive practices in this unregulated space.

MANTRA’s Collapse Echoes Luna: Is This the Biggest Crash of the Cycle?

As traders scramble to make sense of the situation, the broader market has shown signs of resilience, with other tokens holding relatively stable. Still, $OM’s crash stands out as a brutal instance of quickly shifting fortunes in crypto.

Analysts and community members are comparing it directly to the Luna debacle, calling it the “Luna of this cycle” due to the speed and amount of value wiped out.

Despite the chaos, some traders are speculating if this presents a buying opportunity, as the token saw a small bounce from its lowest point. However, the uncertainty surrounding the project, combined with the scale of losses and centralization concerns, makes it an incredibly risky proposition.

This incident underscores a harsh truth about crypto markets: narratives, partnerships, and roadmaps can often be fibs or fabrications. It’s a space where skepticism is key, no matter how polished or promising a project may seem.

For those affected, this will be a difficult chapter—financially and emotionally. But for the broader crypto community, it’s a moment to reflect on the need for transparency, regulation, and personal risk management.

Enter Solaxy Presale: A High-Potential Opportunity Amid the Downturn

While investors are processing the fallout of MANTRA’s collapse, some are shifting focus to early-stage opportunities that offer a clean slate and community-driven development.

One such project is Solaxy, a new crypto presale currently in Stage 9 of 10, that’s garnering attention for its transparent roadmap and sustainable tokenomics.

Unlike centralized tokens like MANTRA, which crashed without warning, Solaxy positions itself as a decentralized, utility-focused alternative aiming to restore trust in the market.

With investors burning out from the recent scam, and crypto needing a fresh start, Solaxy is being backed by a dedicated team, lower entry point, and growing community interest.

This isn’t just another meme coin—it’s a Layer 2 project designed to enhance the Solana ecosystem by tackling congestion and scalability issues, especially crucial as the next bull run could overwhelm Solana with increased demand.

Solana is known for low fees and fast transactions, but its popularity has exposed a serious flaw: frequent congestion during high-traffic periods, leading to failed transactions, delays, and unexpected fees for users.

Solaxy processes transactions off-chain before settling them on Solana’s mainnet, reducing pressure on the network, slashing fees, and improving processing speeds. Its flexible design also enables developers to implement custom scaling solutions—perfect for high-volume decentralized applications (dApps) like decentralized exchanges (DEXs).

Furthermore, Solaxy plans to connect Solana with Ethereum via a cross-chain bridge, letting users enjoy Solana’s speed while accessing Ethereum’s vast liquidity.

Powering this entire ecosystem is the $SOLX token, used for transactions, governance, and staking—with current rewards at 135% annually. The presale has hit the $30 million milestone, with $SOLX priced at $0.001694 and receiving steady contributions.

Investors can contribute with $ETH, $BNB, $USDT, or bank cards, while a partnership with Best Wallet