Mantra | Crypto

The token touched $0.004126 minutes before the network stopped producing blocks, while MANTRA later said an attacker exploited a vulnerability in software used by the chain.

The token recovered to about $0.0044 after setting a new low, while exchanges paused deposits and withdrawals from the halted MANTRA Chain. MANTRA’s native token sank 18.5% from its 24-hour high to a record low shortly before MANTRA Chain stopped producing blocks and its team announced a precautionary halt over an unexplained incident. According to CoinGecko, MANTRA fell from $0.005060 to an all-time low of $0.004126 around 11:00 pm UTC on Thursday. It later recovered to about $0.0044 but remained down roughly 10% over 24 hours, while trading volume climbed nearly 600% to $24 million.  MANTRA said Friday it was “aware of an incident affecting MANTRA Chain” and had halted the network as a precaution while it investigated. “We don’t have a root cause or timeline to share yet,” the project said, adding that all endpoints and transactions were frozen.  Read more

Inveniam announced plans to acquire Mantra, a blockchain project that spent the past year recovering from the collapse of its OM token and prolonged market pressure. Data infrastructure company Inveniam Capital Partners announced plans to acquire layer-1 blockchain Mantra and its affiliated entities, deepening its push into tokenized real-world assets (RWAs). The transaction follows a $20 million strategic investment made by Inveniam in Mantra in August 2025, according to a Tuesday announcement. On May 13, Inveniam launched NVNM Chain, a layer 2 blockchain on Mantra designed to support asset verification without exposing confidential information. Read more

RWA blockchain Mantra is restructuring and cutting staff after an OM token collapse and prolonged market pressure strained its business model in 2025. Update Jan. 14, 2:20 pm UTC: This article has been updated to add comments from Manta CEO John Patrick Mullin. Mantra, a blockchain project focused on real-world assets (RWAs), is restructuring its operations after what its leadership described as the most difficult year in the company’s history, marked by a sharp token collapse and prolonged market pressure. On Wednesday, Manta CEO John Patrick Mullin announced that the company would transition to a leaner and more capital-efficient structure following a period of expansion. The changes include job cuts across multiple teams and a streamlining of operations to better match near-term market conditions. Read more

JP Mullin urged OM token holders to withdraw from OKX, alleging the exchange had not communicated with Mantra about the incoming token migration, resulting in inaccurate dates. Tensions between blockchain platform Mantra and crypto exchange OKX are rising after Mantra accused the exchange of posting incorrect information about its token migration. In a Monday X post, Mantra CEO John Patrick Mullin urged users of centralized cryptocurrency exchange (CEX) OKX to withdraw their Mantra (OM) tokens and cut their “dependency” on the platform. “Users should consider withdrawing their OM tokens from OKX[...]. Avoid OKX Exchange Dependency: Complete migration without relying on potentially negligent or malicious intermediaries,” said Mullin. Read more

MANTRA's $OM has broken its double-bottom neckline at $0.233, accompanied by rising open interest and whale accumulation. Google Cloud has joined as top validator, a 150m token burn has trimmed supply, and new Dimitra carbon-credit tokenization deals have reinforced the platform’s RWA strategy. The post MANTRA’s $OM Breaks Double Bottom; Google Cloud Backing Sets Stage for 5x Surge appeared first on Cryptonews.

Swiss bank Sygnum says altcoins may see a resurgence in Q2 2025, Mantra CEO plans team token burn: Hodler’s Digest Mantra CEO John Mullin said he is planning to burn all of his teams tokens in order to win back the trust of the networks community following the sudden collapse of the Mantra (OM) token on April 13. Im planning to burn all of my team tokens and when we turn it around the community and investors can decide if I have earned it back, Mullin posted to X on April 16. Mantra set aside 300 million OM, 16.88% of the tokens nearly 1.78 billion total supply, for its team and core contributors. They are currently locked and were scheduled to be released in stages between April 2027 and October 2029, according to an April 8 blog post. Read more