MANTRA Chain Network Crashes Amid OM Token Price Plunge

MANTRA Chain's OM token plummeted to an all-time low of $0.004126 on Thursday evening, losing 18.5% in a single day.

The drastic price drop coincided with a network-wide blackout, as the blockchain ceased block production and suspended all activity due to an unidentified security event.

Cryptocurrency exchanges were forced to suspend OM token deposits and withdrawals indefinitely, while trading volume skyrocketed nearly 600% to reach $24 million.

The MANTRA team has yet to identify the root cause or provide a timeline for network restoration.