Can MANTRA (OM) Rise from the Ashes? Exploring the Path After a 90% Crash

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Apr 15
3 min read

The cryptocurrency space witnessed another massive shake-up when MANTRA (OM)—a real-world asset (RWA) token—plummeted from over $6 to nearly $0.40, wiping out over $5 billion in market capitalization on April 14. The shocking 90% drop triggered waves of fear and disbelief across the community, drawing comparisons to infamous collapses like Terra LUNA in 2022.

1. Real-World Asset (RWA) Utility: MANTRA’s Core Strength

Despite the catastrophic fall, MANTRA’s long-term vision remains centered on a booming sector—tokenization of real-world assets (RWAs). Backed by a $1 billion partnership with Dubai’s DAMAC Group, MANTRA is building a compliant, Sharia-compliant blockchain infrastructure for tokenizing real estate and other high-value assets in the Middle East. With RWAs projected to become a multi-trillion-dollar market by 2030, MANTRA’s infrastructure positions it well to dominate this niche, especially as institutional interest grows in tokenized finance.

2. Transparent Team Response and Crisis Communication

In the aftermath of the crash, CEO John Patrick Mullin attributed the price collapse to reckless forced liquidations by centralized exchanges (CEXs), rather than any team-related sell-off. The team swiftly restored community channels like Telegram and actively addressed concerns of insider trading. While on-chain data reveals that 17 wallets transferred over 43.6 million OM to exchanges (about 4.5% of supply), the project insists these wallets are tied to strategic investors, not team insiders. Such responsiveness and transparency, rare in crypto crashes, have kept the community from fully losing faith.

3. Strong Historical Performance and Rapid Recovery Potential

Before the fall, OM was one of the top-performing altcoins, with returns of over 100% monthly and 3500% annually. Even post-crash, OM has demonstrated resilience by rebounding from $0.37 to $1.10—a nearly 200% gain, signaling strong demand at lower levels. This pattern mirrors historical rebounds seen in other major crypto projects that faced temporary destruction but later thrived. The market is known to offer second chances—and OM has shown early signs of one.

4. Institutional Backing and Exchange Confidence

The DAMAC Group, with its $6 billion asset portfolio, remains a key pillar for OM's potential resurgence. Additionally, Binance, the world’s largest crypto exchange, acknowledged the crash was due to external liquidations, not project failure. That level of exchange trust could help OM sustain credibility. Furthermore, the link to Laser Digital—a strategic investor tied to several wallets—raises the possibility that market moves may have been orchestrated, which if true, could mean the fundamentals remain intact.

5. Market Conditions, Oversold RSI, and Speculative Opportunity

From a technical lens, OM’s RSI (Relative Strength Index) hit oversold levels immediately after the drop, a classic signal that the asset could be due for a bounce. The broader market recovery, driven by Bitcoin ETFs and Ethereum upgrades, may spill over to altcoins—particularly those with real-world utility like OM. Additionally, forced liquidations often create buy zones for opportunistic investors looking to enter at a discount, especially in promising sectors like RWAs.

Conclusion: Is MANTRA (OM) a Good Investment Right Now?

While OM’s recent collapse was devastating, the underlying fundamentals, institutional partnerships, and RWA focus still make it a token with long-term potential. The team’s transparency, community support, and market structure suggest this isn’t a project death spiral—but rather a dramatic correction under unusual market pressure. With RWAs gaining traction, and OM trading more than 90% below its all-time high, it could offer high-risk, high-reward upside for those willing to stomach the volatility. That said, investors must proceed cautiously, do their own research, and only allocate capital they can afford to risk.