Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13284
Markets: 100679
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13284
Cryptocurrencies
62.39%
Bitcoin Share
crypto.news 2025-04-13 20:25:43

Mantra price plummets: What happened to the real-world asset token?

Mantra price plummets: What happened to the real-world asset token?

Mantra, known as the second real-world asset token after Chainlink, nosedived more than 90% over the past 24 hours. Here’s what we know. Source: CoinGecko Just a couple of days ago, Mantra ( OM ) touted a 640% gain in 12 months. At last check, its $6-billion market cap fell to about $485 million. Patrick Mullin, Mantra’s CEO, recently spoke to crypto.news about being a fully compliant, end-to-end ecosystem for RWA tokenization and trading. The company, fresh from securing a VASP license from Dubai’s VARA, had plans to legally operate as a virtual asset exchange. Its unclear whether the recent downtrend will stymie those plans. MANTRA Ecosystem Fund Mantra’s newly launched fund, MEF, has been established to support RWA and DeFi projects globally for over four years. The company, which offers OM-token grants and capital investments, remained focused on lending/borrowing, trading, asset management, derivatives, and infrastructure. Mantra also inked a $1-billion tokenization deal with DAMAC Group, covering real estate, hospitality, data centers. The company had several initiatives in the works, but the crypto X community was quick to point out several developments that they perceived as problematic. One research analyst known as Choze compared Mantra’s free fall to the May 2022 collapse of the Terra ecosystem. “Welcome to Terra Luna V.2,” Choze tweeted to 20,000-plus followers. “For those wondering, the $OM team dumped their entire allocation,” Choze added. “That’s 90% of the total circulating supply, gone. They also deleted Mantra’s official Telegram group. Just like that, $3.5 billion in market cap vanished.” TrimBot, who describes himself as an RWA bull, blasted Mantra as “pure market manipulation.” Crypto.news attempted to contact a Mantra spokesperson via its website, but was unsuccessful. It was not clear whether the startup’s web page was down or not accepting media inquiries. More on MEF “With the MEF, we’re not just writing checks—we’re building a strategic on-ramp for the next wave of blockchain innovation,” Mullin said in a prepared statement earlier this month. “This fund will serve as a growth engine, giving founders access to capital, infrastructure, and a deep regulatory support network,” he added. The MEF is supported by a global coalition of capital partners, including Laser Digital, Shorooq Partners, Brevan Howard Digital, Valor Capital, Three Point Capital, Amber Group, Manifold, UoB Venture, DAMAC, Fuse, LVNA Capital, and Forte. Crypto.news attempted to reach Three Point Capital but was unable to submit an inquiry. This is a developing story. Stay tuned for more coverage. Read more: Ripple, Hidden Road deal exemplifies crypto’s TradFi takeover: Coin Bureau CEO

Most Read News

https://www.digistore24.com/redir/325658/ceobig/
Market Cap
24h Vol
62.39%
Bitcoin Share
544
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.