$OM is the native token of MANTRA, a Layer-1 blockchain focused on bridging traditional finance with decentralized finance (DeFi).
$OM saw significant growth, trading below $1 but surging to an all-time high of $9.04 in February 2025.
The crash was attributed to reckless forced liquidation by centralized exchanges and allegations of manipulation by the MANTRA team.
Lessons from the $OM crash include the risks of centralized control, the importance of diversification, and the need for due diligence in crypto investments.