Mantra Slumps 90%, Traders Stop Loss Kicks In While Hedging Position With COLD Token Priced at $0.00625

The cryptocurrency market is no stranger to sudden fluctuations, and MANTRA (OM) token's dramatic 90% slump on April 13, 2025, has left many traders scrambling.

The cryptocurrency market has witnessed a dramatic turn of events as Mantra (OM) token price crashed 90% on April 13, 2025. The token, which was trading at $6.30, plummeted to $0.52, triggering widespread concern among traders.

As traders are now kicking off their stop-loss at $0.51, they are turning to hedging positions with Coldware (COLD) at $0.00625 as traders are getting more interested in meme coins.

What happened to Mantra (OM)

Mantra (OM) price dropped massively due to large-scale forced liquidations on April 13, 2025, pushing investors into panic.

The token, which was previously priced at $6.30, experienced a 90% crash to $0.52. This drastic decline was a consequence of overleverage trades being liquidated on platforms like Binance, leading to a vicious cycle of further price drops and more liquidations.

The rapid scope of the liquidations was a significant factor in the steep decline of Mantra (OM). Many traders who entered the trade at higher levels, such as $3.87, were forced to sell at a substantial loss to minimize their risk.

In an effort to mitigate the crisis, John Patrick Mullin, the CEO of Mantra, announced the project’s plan to buy back Coldware (COLD) tokens. Moreover, Mullin personally pledged to burn his entire allocation of Coldware (COLD) tokens in a move to show his commitment to the project.

However, despite these efforts and the project’s aim to relaunch its token in 2025, Mantra (OM) remains highly volatile and unpredictable. This volatility is a critical factor that traders must keep in mind as they navigate the fast-moving cryptocurrency market.

Why is Coldware (COLD) a good hedge?

As Mantra (OM) price continues to be unstable and traders are kicking off their stop-loss at $0.51, many are pivoting to safer assets.

Those in the know are moving their investments into more stable coins and traders are advised to diversify their holdings in a more structured manner with a promising asset like Coldware (COLD).

Coldware (COLD) is a meme coin platform that is currently in the presale stage, with presale tokens available for $0.00625. The platform is focused on providing the tools and technology for users to create their own meme coins.

This unique offering is positioning Coldware (COLD) as an alternative to the speculative swings seen in coins like Mantra (OM).

Coldware (COLD) is gaining attention for its capabilities. The platform’s coin maker is particularly appealing to traders and meme coin enthusiasts who are interested in a more engaging and sustainable approach to meme coin investment.