From $ 6 to 40 cents, what really caused the mantra code to collapse?

At a terrible junction, the Mantra om symbol crashed over 90 % in just one hour on Sunday, decreased from approximately 6 dollars to less than $ 0.40 and sending waves of panic via the encryption community.

Billions of dollars from the map have been eliminated in minutes.

Was this a carpet withdrawal? Empty from the inside? Or a state of reckless qualifiers that were terrible?

According to the Mantra teamThey have no relationship with the accident. But investors are not convinced. The timing, silence, and suddenly decrease sparked dangerous red flags.

Sudden

John Patrick Moulin, co -founder of Awalat, I took chaos quicklyBlame the explosion on “Forced exchange arranged during the low masters period. “ In X, he claimed that the user’s positions were closed Without margin calls or noticeWhich leads to a quick and brutal chain.

In a separate official statement, the team described it as “reckless qualifiers” that have been out of control – to stop exchange practices instead of committing internal violations.

But for those who have seen their wallets evaporates in the actual time, this interpretation feels thin. The distinctive symbol decreased to $ 0.37 before recovery to about $ 0.80. This is still an amazing decrease of 90 % from the February $ 8.99 summit.

The effect of the real world on RWA’s confidence

This is not only about the crash of one symbol. Mantra is a major player in the distinctive symbol of the assets in the real world (RWA)-built with Cosmos SDK, IBC support, designed to comply with the chain.

She puts her partnerships with giants such as Google Cloud and DAMAC GROUP in Dubai once as a serious competitor in the world of distinguished assets.

But now? All this in the question.

This severe blow can harm more than a talisman price. It risks attacking institutional confidence in the entire RWA sector. Hank Huang, CEO of Konos Research, is called “Critical moment”, ” Adding it shows an early or unstable range – the space of the distinctive assets remains.

Not a carpet withdrawal … but not completely innocent?

The Mantra team strongly denied any “Pulling“The accusations. Data on the series show that allocating the distinguished symbol of the team is still closed.

However, the lack of communication and timing during low liquidity hours, and the size of the accident has sparked a debate at the level of industry on the central exchange risks.

Forced candidates-tilted Outs Uta when the position less than maintenance levels-can quickly get out of control. However, critics argue that exchanges must have handrails in place to prevent such volatility from wiping the entire markets.

Conclusion: Can he regain confidence talisman?

Whether this is a technical defect, a central worse, or just a perfect storm of bad time and bad liquidity, there is one clear thing: a talisman now faces a huge crisis of confidence.

As Mulin said, “When estimated powers are practiced without overseeing this, the removal of such a thing will happen.” And they did –

Now the question is: Can a talisman rise from ash? Or does this break the beginning of the end of one of the most ambitious RWA projects?

Investors are closely watching.