MANTRA Token Crashes 18% to All-Time Low as Chain Halts
OM token hit a record low as the MANTRA blockchain went offline, forcing exchanges to pause deposits and withdrawals.
MANTRA's OM token just got wrecked. The asset plunged 18% to a fresh all-time low, a brutal move that wiped out any remaining bullish thesis for near-term holders. If you were sitting long, that stings.
The pain didn't stop at the price drop. MANTRA Chain itself halted operations, and exchanges responded fast — pausing both deposits and withdrawals tied to the network. That's a liquidity freeze on top of a price crash, which is exactly the kind of double-hit that shakes out weak hands and spooks institutional eyes.
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The token did claw back some ground, recovering to around $0.0044 after hitting its low. But a partial bounce after a record-breaking dump doesn't flip the narrative. That level now acts as a technical ceiling until the chain proves it can stay online and exchanges reopen the gates.
The exchange-level halt is the detail traders need to watch most closely here. Frozen deposits and withdrawals mean you can't easily enter or exit, and that illiquidity can amplify both downside and any eventual recovery move. When chains halt and CEXs follow suit, volatility doesn't disappear — it compresses, then snaps.
This is a high-risk situation with no clear resolution timeline. Until MANTRA Chain resumes normal operations and exchange restrictions lift, OM is effectively a trapped trade. Continue reading at Cointelegraph.
