MANTRA’s OM token crashed nearly 90% on April 13, 2025, plunging from $6.30 to $0.37 before partially recovering. Co-founder John Patrick Mullin blamed forced liquidations of over-leveraged positions on centralized exchanges during low-liquidity hours. He emphasized that neither the MANTRA team nor its investors triggered the sell-off, as their tokens remain locked under a vesting schedule. The token currently trades above $0.87. The incident raised concerns about the impact of centralized exchange practices on token stability, with calls for increased transparency and safeguards. Despite the volatility, MANTRA’s long-term fundamentals and development roadmap remain intact, according to project representatives.