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 worst project collapse since the LUNA crisis.

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.

Mantra token market cap and overview. Source: CoinGecko

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