![Breaking: mantra [old] (om) crashes 43. 5% to $0. 038 in 24 hours](https://blockchainmagazine.com/wp-content/uploads/breaking-om-plunges-2026-03-08.png "Breaking: Mantra [Old] (Om) Crashes 43.5% To $0.038 In 24 Hours 6")
BREAKING: MANTRA [Old] (OM) Crashes 43.5% to $0.038 in 24 Hours
MANTRA [Old] (OM) has experienced a catastrophic 43.5% price collapse in the past 24 hours, plunging to $0.03782126 as of March 8, 2026, according to real-time market data.
The dramatic selloff wiped out $138.8 million from OM’s market capitalization, which now stands at $180.45 million, ranking it #186 among all cryptocurrencies. The token’s fully diluted valuation has contracted to $267 million.
Price Action and Trading Volume
OM reached an intraday high of $0.067124 before plummeting to a low of $0.03206276, representing a 52% decline from peak to trough. The current price of $0.03782126 is down 99.58% from its all-time high of $8.99 recorded on February 23, 2025—just over a year ago.
Trading volume in the past 24 hours totaled $81,375, indicating relatively light activity during the sharp downturn. The token showed a modest 1.59% recovery in the past hour, suggesting potential stabilization attempts.
Extended Downtrend
The latest crash extends a broader decline for MANTRA [Old]. Over the past 7 days, OM has fallen 44.93%, while the 30-day performance shows a 10.08% decrease. The token remains 115.96% above its all-time low of $0.01726188 set on October 12, 2023.
Supply Metrics
With a circulating supply of 4.77 billion tokens out of a total supply of 7.06 billion, approximately 67.6% of OM tokens are currently in circulation. The token has no maximum supply cap, which could present long-term inflationary concerns for investors.
Market Context
The designation “[Old]” in MANTRA’s name suggests this may be a legacy token version, potentially explaining the severe price action. Investors should verify whether a token migration or protocol upgrade has occurred that would affect holdings.
The crypto market has experienced heightened volatility in recent sessions, though OM’s 43.5% single-day decline significantly exceeds broader market movements, indicating token-specific factors are likely at play.
This is a developing story. Further updates will be provided as more information becomes available.
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