- Forced liquidations during low liquidity triggered OM’s rapid 90% crash.
- New agri-tech partnership aims to bring real-world assets onchain.
Mantra Coin (OM) has extended its decline in 2025 following months of heavy sell-offs and a damaging flash crash. The token, once a major player in decentralized finance, now trades near all-time lows. OM’s downfall accelerated in April 2025 when a flash crash erased over 90% of its value within minutes.
According to CoinMarketCap data, the token is now trading at $0.3143, reflecting a 34.12% decline over the past month. The market cap stands at $304.54 million, with a 24-hour trading volume of $268.28 million, a 60.49% increase likely tied to heightened volatility.
Crypto analyst Ali Martinez shared on X (formerly Twitter) a chart showing OM’s fall from over $6 in early 2025. The crash was linked to what insiders described as “reckless forced closures” by centralized exchanges during low liquidity periods. These sudden liquidations triggered a cascade effect, wiping out long positions and forcing price levels downward.
Following the crash, OM co-founder John Patrick Mullin responded by burning 150 million OM tokens from his allocation. The move aimed to stabilize the token and restore trust. The team also rolled out governance upgrades and launched a testnet to re-engage developers and improve network resilience.
Despite these actions, the market response has remained muted. OM has continued to struggle at the $0.31 mark, with limited signs of recovery. The sharp drop in value has raised concerns among holders, many of whom remain cautious amid the ongoing sell-off.
Support levels have failed to hold, and trading volumes, although higher, reflect panic-driven transactions rather than new investments.
Partnership with Dimitra Targets Blockchain Utility in Agriculture
In a move to reposition its ecosystem, MANTRA has partnered with Dimitra, an agri-tech platform that combines blockchain and AI to support global farmers. The collaboration focuses on tokenizing real-world assets (RWAs), starting with sustainable farming initiatives.
The first phase includes cacao production in Brazil, using Dimitra’s Connected Cacao platform. The system offers farmers tools such as AI-driven soil analysis and regenerative agricultural guidance. The aim is to enhance productivity, traceability, and profitability through asset tokenization.
In Mexico, the partnership will support forest conservation projects that are projected to generate one million traceable carbon credits over ten years. These credits will be available for verified trading, creating new investment opportunities tied to environmental impact.
Both organizations plan to expand operations into other regions, including Africa and Asia. According to MANTRA, the partnership is designed to bring green agricultural assets onchain and unlock broader access to financing through blockchain infrastructure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
