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Cryptocurrency News Articles
Mantra's OM Token Rebounds 50% After Devastating Crash That Wiped Out Billions in Value
Apr 15, 2025 at 09:53 pm
Just one day after a devastating crash wiped out billions in value, Mantra's OM token staged a dramatic rebound, surging nearly 50%.
Just one day after a devastating crash wiped out billions in value, Mantra’s OM token staged a dramatic rebound, surging nearly 50%. However, the rapid recovery has stirred fresh controversy, as industry voices warn of risks reminiscent of the Terra/LUNA collapse in 2022.
OM’s price plummeted nearly 90% over the weekend, briefly touching $0.5 before reversing sharply to hit $1.03 on Monday. The sudden rebound came after the Mantra team addressed growing speculation that the crash stemmed from a coordinated rug pull.
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