MANTRA Faces Major Crisis as Network Goes Dark and Price Hits Record Low

• MANTRA’s OM hit a record low after plunging 18.5% from Thursday’s 24-hour high.
• MANTRA Chain halted completely, affecting validators, endpoints, bridges, and blockchain communication relays.
• OM remains under pressure as exchanges pause transfers and MANTRA investigates without providing a restart timeline.

MANTRA — OM, faces another major setback after OM crashed to a record low Thursday. The sharp decline came shortly before the project halted MANTRA Chain. OM briefly fell below $0.0042 before recovering toward $0.0044. Trading activity also surged as traders reacted to the unexpected network outage. MANTRA has not disclosed the incident’s cause or confirmed any asset losses. The network remains offline while engineering and security teams investigate the situation.

OM Price Drops as MANTRA Chain Suffers Full Outage

OM fell from $0.005060 to $0.004126 around 11:00 pm UTC Thursday. The move represented an 18.5% decline from the token’s 24-hour high. OM later recovered slightly and traded around $0.0044. Despite that rebound, OM remained down roughly 10% over 24 hours. Trading volume also surged during the same period. CoinGecko data showed volume increasing nearly 600% to $24 million. The sharp activity reflects heightened market uncertainty surrounding the network disruption.

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