the token price holds after yesterday’s collapse

Yesterday, the price of the Mantra OM token collapsed.

Many believed it was the end, but instead it seems that the situation is more complex and less problematic compared to the worst-case scenarios.

Moreover, it had been known for months that the situation was potentially dangerous.

The trend of the Mantra token (OM) price

The key to understanding the apparent resilience of the token OM price after yesterday’s collapse is to compare the current situation with that of last year.

First of all, it must be said that OM landed on the crypto markets in August 2020, so its price went through the great bull run of 2021.

In that period it went from about $0.05 to more than $0.7, with an increase of over 1,000%.

Obviously, it was a speculative bull, which obviously burst during the subsequent bear-market.

The first important thing to note is that the bear-market of the Mantra price continued until 2023, so much so that by the end of that year the price of the OM token had even fallen below $0.02, which is less than half of the initial value of about $0.04 in August 2020.

In light of this, it was evident that the bolla speculativa del 2021 had been truly exaggerated, and in these cases, history can also repeat itself.

It should also be highlighted how even the bear-market was excessive, so much so that already in the first half of 2024 it had recorded new historical highs well above 0.7$. At that point, it was absolutely possible that a new speculative bubble was inflating.

During 2024, before a new mega-bubble began to inflate, it recorded as many as five price peaks, one above $0.3, a second above $0.9, a third above $1, a fourth above $1.3, and a fifth above $1.5. All this within just eight months.

The implosion of the Mantra token (OM)

It was not difficult to imagine that it was also a bull market bubble, it just did not burst.

In fact, with the electoral victory of Trump it inflated even more, with two other peaks: one above 4$, and the second even above 9$.

This means that from the end of 2023 to the end of 2024, over the course of just one year, the price of the Mantra token had risen by 9,000%, and during 2025 it rose by an additional 97%.

With these numbers, it is absolutely evident that a mega-bolla speculativa has inflated on the price of OM, even surpassing that of 2021.

This bubble inevitably had to burst, and it burst suddenly yesterday.

What is surprising is the speed with which it burst, because in a few hours it lost 90% of its value returning to the levels of ten months ago. In short, ten months to go from $0.6 to $6.3, and a few hours to return to $0.6.

The holding of the support after the loss of 90% of the value

A -90% in a few hours can be impressive, but one must not forget that after a -90% in theory it could still do another -90%, and so on.

If we take as a reference point the bottom of the bear-market of 2022/2023, reached in October two years ago below $0.02, a potential drop to that price from the current levels would mean an additional -97% from the current price level.

In fact, many were expecting that yesterday’s collapse could have continued, but today the price of the Mantra token is still above 0.6$, which is much higher not only than the bottom of the bear-market but also the first peak of 2024 above 0.3$.

In other words, yesterday’s collapse wiped out all the gains recorded from March 2024 to March 2025, with the burst of a gigantic speculative bubble that lasted for almost twelve months.

The curious thing is that not only has the price not returned to the levels of the bear-market, but not even to the level of early 2024, when in theory the new speculative bubble had already started to inflate.

At this point, one could identify $0.7 as a key level, both because it was already reached in 2021, because it held from March to June 2024 for several months, and because yesterday’s implosion actually stopped there, even though there was still a slight drop to $0.6.

The signals from the past months

That the price trend of the Mantra token was potentially dangerous had been known for months, as it seemed quite evident that a speculative bubble had inflated.

Note that already in October, when the price of OM had already risen above 1.5$ (that is, in full bubble), Binance had started to reduce leverage, warning users of the expansion of the token supply expected to start from January.

The exchange had issued a pop-up warning on the spot trading page of OM, to inform users that the token had undergone significant changes in its tokenomics, increasing its supply.

So on one side, an evident bubble had inflated, while on the other, the main exchange had already warned months ago that there could be changes.

The rest was done by the burst of the speculative bubble, and especially the forced liquidations of leveraged positions carried out automatically in a moment of very low liquidity.

It was impossible to predict when all this would happen, but that something like this could happen sooner or later was absolutely predictable. The only thing, however, that no one expected was a collapse so extensive and especially so fast, but when bubbles burst, sometimes it ends up just like that.