Mantra Token (OM) suffered a catastrophic price collapse, plunging over 90%, from approximately $6.30 to around $0.70 in just one night. This historic crash eliminated billions in market capitalization and prompted tens of millions in forced liquidations.

The turmoil began during a period of low liquidity. Large investors began transferring significant amounts of Mantra tokens to major trading platforms, which ignited panic selling among smaller investors. The sudden influx of sell orders heavily pressured the price, resulting in this overwhelming drop.

This incident raises questions about market stability and investor confidence in the face of rapid sell-offs. Those invested in OM should closely monitor the situation and assess the long-term implications of such volatile movements.