The Mantra (OM) token plunged over 90% within an hour on Sunday, dropping from nearly $6 to below $0.40, erasing billions in market value. Co-founder John Patrick Mullin blamed sudden, notice-free liquidations for the crash, which occurred during low-liquidity hours. While the team denied any rug pull or insider selloff, the incident has raised serious concerns about centralized exchange practices and the fragility of real-world asset (RWA) tokens. Source: Decrypt
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