The crypto industry was left stunned.
MANTRA – one of the most trusted real-world asset tokens – dropped by 95% in just a few hours. The sudden crash has left the crypto world stunned, with billions in value wiped out almost instantly. What went wrong? And could it happen again – with other major projects?
Now, popular crypto analyst Dr. Altcoin is sounding the alarm, urging the Pi Network team to take a hard look at what happened with Mantra and avoid walking the same path. Here’s what unfolded—and why the entire crypto space should be paying close attention.
OM is the native token of the Mantra blockchain, which aims to bring real-world assets like houses and land onto the blockchain in digital form. It was considered a reliable project and had even reached the top 25 cryptocurrencies by market cap.
But things changed quickly. In just one hour, OM’s price dropped from $6.10 to $0.38. This crash erased over $6 billion in value, and many investors lost their life savings.
Dr. Altcoin called this a serious warning for the entire crypto space. He specifically urged the Pi Core Team (PCT) to pay attention to what happened with Mantra OM and take steps to avoid a similar disaster.
He pointed out that Pi Network is now moving from its Open Network phase to the Open Mainnet—an important milestone that also brings more responsibility.
Dr. Altcoin stressed that before this big transition, the Pi team should speed up the development of safety measures. He also said that the team needs to be more transparent, have clear rules, and communicate openly with their community.
After Dr. Altcoin shared his views on X, many users responded. Some agreed with his warning, while others defended the Pi Core Team.
One user said Pi Network is not like other projects that pump and dump their coins. They believe the team is focused on building real value and growing the network step by step.
Another user pointed out that the Pi team has been quiet recently, but said this could be part of their plan. They believe the team is working hard behind the scenes and will speak when the time is right.
In crypto, trust can vanish fast – Mantra’s fall is proof that even the strongest hype can have weak foundations.
OM crashed due to sudden market panic and weak foundations, wiping out over $6B in value in just one hour.
Analysts warn Pi Network to learn from Mantra’s collapse as it moves to Mainnet, stressing transparency and user safeguards.
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