with the
$OM price hovering around $0.0608 remember that historical chart: it went from highs around $6–$8 in early 2025 straight down to pennies after the infamous April 13, 2025 flash crash, where it dumped ~90–95% in hours (from ~$6.26 open to close at ~$1, but lows hit ~$0.37–$0.50 on many exchanges). Billionaire romance wiped out overnight due to forced liquidations on CEXs (Mantra team blamed "reckless" ones from exchanges like Binance/OKX during low-liquidity hours), cascading sells, and thin order books—no rug pull confirmed, but trust took a huge hit.
Then came the redenomination/upgrade drama: project shifted to native MANTRA Chain, deprecated old ERC-20 OM, and did a 1:4 non-dilutive split (1 old OM → 4 new MANTRA tokens) around March 2026, with ticker change from OM to MANTRA. Binance supported it, suspended old deposits/withdrawals briefly, and auto-adjusted balances. That's why the chart looks like it "crashed" to near-zero before the recent recovery bounce—post-split price adjustment + market sentiment.
Now it's pumping hard again as a "gainer" with volume spiking (360M OM in 24h), but remember: this is the same token that short sellers feasted on back then.
Here's a cheeky X-style post you could drop (referencing those who shorted the hell out of it during/after the crash):
"😂 Remember April 2025 when OM dumped from $6+ to sub-$0.50 in one brutal candle? Shorts were printing like crazy, calling it 'LUNA 2.0 vibes' while the team screamed 'reckless CEX liqs!'
Fast forward to 2026: post-split, post-redenom, and OM/USDT just pumped +35% in 24h to ~$0.062. Who's laughing now?
Those who held through the pain (or wisely re-entered lows) eating good. Shorts who over-leveraged? Probably still bagholding the trauma.
Moral: Crypto never forgets, but it loves a redemption arc. 🚀📉→📈
#om #mantra #CryptoComeback