On April 13, 2025, the crypto world witnessed a shocking event — the Mantra ($OM) token crashed over 90% within hours, wiping out $5.4 billion in market cap. What followed was a whirlwind of confusion, accusations, and damage control. Was this a classic rugpull, or just another case of crypto volatility amplified by centralized exchange (CEX) mechanics? In this blog, we’ll break down what happened, the response from the Mantra team, and what this means for the project moving forward. What Hap...