Mantra token price collapses by over 90% in 24 hours

The price of the Mantra token has collapsed in what some traders are calling the most significant project collapse since the LUNA crisis.

Update (April 13, 10:02pm UTC): This article has been updated to provide updates from the Mantra team

The price of the Mantra (OM) token, the native cryptocurrency of the Mantra real-world tokenized asset blockchain, has collapsed by over 90% in the last 24 hours.

On April 13, Mantra fell from a price of approximately $6.3 to below $0.50 and shed over 90% of its $6 billion market cap.

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