·
In the early morning, the RWA sector project MANTRA (OM) fell 90% in a short period of time, plummeting from US$6 to US$0.5, and its market value evaporated by more than US$5.5 billion.
Three hours later, the MANTRA team issued a statement saying that the decline was caused by irrational liquidation and had nothing to do with the project itself, and that it was not the team's fault.
Subsequently, OM rose from around $0.5 to $1.2, and was briefly shorted. According to Coinglass data, in just four hours, the OM contract liquidation volume reached $58 million.
Before this plunge, OM had experienced several violent price increases since November last year and was called "the powerful monster coin" by the community.
