MANTRA Token Plummets 90% in Shocking Crash – Is This the Next Luna?

A devastating event has unfolded in the crypto world as MANTRA, a prominent real-world asset (RWA) token, has experienced a catastrophic collapse, drawing eerie comparisons to the infamous Luna crash of the previous market cycle.

The token, once boasting a $6 billion market cap, plunged to just $473 million within minutes, triggering shockwaves across the crypto community. Investors are reeling, with some sharing emotionally charged posts online, highlighting the severe psychological toll of such financial loss.

The collapse has raised serious concerns about transparency and the internal operations of MANTRA. While the project had presented itself as a promising on-chain financial ecosystem with strong partnerships—including supposed links to a major UAE property firm—these claims are now being questioned.

Allegations have emerged suggesting that the MANTRA team controls up to 90% of the token’s supply, fueling speculation of a possible rug pull.

This sentiment has been amplified by resurfaced fraud accusations from 2021 and eerily accurate warnings from early 2025, hinting that trouble may have been brewing long before the public collapse.

Source – Jeetburner Twitter

The impact on large investors has been particularly brutal. One individual revealed he had invested $3.5 million into the token, only to watch his holdings shrink to under $200,000—a loss of more than 90%.

He has now threatened legal action, citing misleading information and misrepresented partnerships that influenced his decision-making. His experience serves as a stark reminder that even the most due-diligent investors can fall victim to deceptive practices in this unregulated space.

MANTRA’s Collapse Echoes Luna: Is This the Biggest Crash of the Cycle?

As traders scramble to make sense of the situation, the broader market has shown signs of resilience, with other tokens holding relatively steady. Still, $OM’s crash stands out as a brutal reminder of how quickly fortunes can reverse in the crypto space.

Analysts and community members are now comparing it directly to the Luna debacle, calling it the “Luna of this cycle” due to the speed and scale of the value wiped out.

Despite the chaos, some traders are already speculating whether this presents a buying opportunity, as the token saw a small bounce from its lowest point. However, the uncertainty surrounding the project, combined with the scale of losses and centralization concerns, has made it an incredibly risky proposition.

Source – Jacob Crypto Bury on YouTube

This incident underscores a harsh truth about crypto markets: narratives, partnerships, and roadmaps can often be misleading or entirely fabricated. It’s a space where caution and skepticism are essential, no matter how polished or promising a project may seem.

For those affected, this will be a difficult chapter—financially and emotionally. But for the wider crypto community, it’s a moment to reflect on the need for greater transparency, regulation, and personal risk management before diving into high-stakes tokens.

MANTRA’s Collapse Opens the Door for Solaxy Presale as a High-Potential Alternative

Amid the fallout, some investors are shifting focus toward early-stage opportunities that offer a clean slate and community-driven development. One such project gaining momentum is Solaxy, a new crypto presale that’s turning heads for its transparent roadmap and sustainable tokenomics.

Unlike centralized tokens that collapse without warning, Solaxy positions itself as a decentralized, utility-focused alternative that aims to restore trust in the market.

With investors reeling from the MANTRA crash, Solaxy’s presale is emerging as a potential haven for those seeking a fresh start—backed by a dedicated team, lower entry point, and growing community interest. Solaxy isn’t just another meme coin—it’s a Layer 2 project designed to enhance the Solana ecosystem.

By tackling congestion and scalability issues, Solaxy positions itself as a vital infrastructure piece for Solana’s growth, especially as the next bull run could overwhelm the network with increased demand.

Solana’s low fees and fast transactions are well-known, but its popularity has exposed a serious flaw: frequent congestion during high-traffic periods. Failed transactions, delays, and unexpected fees frustrate users. Solaxy addresses this by processing transactions off-chain before settling them on Solana’s mainnet.

This reduces pressure on the network, cuts fees, and improves processing speeds. Developers also benefit from Solaxy’s flexible design, allowing them to implement custom scaling solutions—ideal for high-volume decentalized applications (dApps) like decentralized exchanges (DEXs).

Solaxy also plans to connect Solana with Ethereum via a cross-chain bridge, letting users enjoy Solana’s speed while tapping into Ethereum’s liquidity. Powering the entire ecosystem is the $SOLX token, used for transactions, governance, and staking—with current rewards at 135% annually.

The presale has gained serious momentum, recently surpassing the $30 million milestone. $SOLX is priced at $0.001694 and continues to attract steady contributions. Investors can purchase with $ETH, $BNB, $USDT, or bank cards, and a partnership with Best Wallet enables seamless in-app purchases.

Unlike speculative projects, Solaxy has a well-defined post-ICO roadmap, with 10% of the total 13.8 billion token supply reserved for DEX liquidity and 15% for marketing. A DEX launch is imminent, and a centralized exchange listing is likely to follow.

Solaxy’s community is growing fast, with 74K followers on X and over 11K members on Telegram. The rising engagement reflects growing confidence in the project.

With real utility, strong tokenomics, and expanding visibility, Solaxy is emerging as one of the best new cryptos to buy—and a compelling alternative for investors turning away from MANTRA’s recent collapse. To take part in the $SOLX token presale, visit solaxy.io.