![Breaking: mantra [old] token crashes 51% to $0. 032 in 24 hours](https://blockchainmagazine.com/wp-content/uploads/breaking-om-plunges-2026-03-07.png "Breaking: Mantra [Old] Token Crashes 51% To $0.032 In 24 Hours 6")
BREAKING: MANTRA [Old] Token Crashes 51% to $0.032 in 24 Hours
MANTRA [Old] (OM) has suffered a catastrophic collapse, plummeting 51.1% to $0.03243566 in the past 24 hours, wiping out over $161 million in market capitalization.
The dramatic crash represents one of the steepest single-day declines for a top-ranked cryptocurrency, with the token currently trading at rank #207 by market cap at $154.7 million, down from $316.2 million just 24 hours ago.
Crash Details
The selloff accelerated throughout the day, with MANTRA [Old] hitting a 24-hour low of $0.03243566 after trading as high as $0.066959 earlier in the period. The token has now lost 99.64% of its value from its all-time high of $8.99 reached on February 23, 2025.
Hourly data shows the decline intensified in recent hours, with a 51.55% drop in just the last 60 minutes alone, suggesting capitulation selling or a major liquidity event.
Market Impact
Trading volume surged to $123,082 as investors rushed to exit positions. The circulating supply stands at 4.77 billion OM tokens out of a total supply of 7.06 billion.
The broader timeframe reveals mounting pressure on the token, with losses of 49.9% over the past week and 32.9% over the past 30 days, indicating sustained bearish momentum rather than a single isolated event.
Context and Background
The “[Old]” designation in the token name suggests this may be a legacy or deprecated version of the MANTRA protocol, potentially explaining the severe price action. The project operates in the decentralized finance (DeFi) space, though specific catalysts for today’s crash remain unclear at this time.
MANTRA’s fully diluted valuation now sits at $228.9 million, assuming all 7.06 billion tokens were in circulation.
The crash comes amid broader volatility in cryptocurrency markets in early March 2026, though MANTRA [Old]’s decline far exceeds typical market movements, suggesting token-specific factors are at play.
This is a developing story. Further updates will be provided as more information becomes available.
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