On April 14, the token price of the Real World Assets (RWA) project Mantra unexpectedly plummeted, dropping from $6.3 to only $0.48, equivalent to a more than 12-fold dump in just a few hours.

This severe price drop caused a widespread liquidation wave, especially for Longing positions. According to data from Odaily Planet News, within just one hour, the total liquidation value of OM positions exceeded $28.61 million, with Longing positions accounting for about $28.14 million, while Short positions were liquidated at around $0.47 million.

Currently, the specific reason for this sudden price drop has not been confirmed. However, rumors circulating on social media suggest that the project's core development team experienced internal conflicts, leading to a decision to withdraw or resign from Mantra.

This unverified information caused investor panic, leading to a massive sell-off of OM tokens and further driving the token's price into a free fall.

This development is causing investors to be particularly concerned about the stability and future development of the Mantra project in the context of the increasingly noticed Real World Assets (RWA) market.