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Will Mantra Coin(OM) Recover After 90% Crash?Market Impact & Future Outlook.

The post Will Mantra Coin(OM) Recover After 90% Crash?Market Impact & Future Outlook. appeared first on Coinpedia Fintech News Despite a bullish altcoin market, mantra (OM) crashed 90% in 7 days, from ~$6.41 to ~$0.69. Speculation of stealth dumping or forced liquidations due to large pre-crash transfers to exchanges. Analysts cite centralized exchange dominance, thin liquidity, and automated liquidations, not a rug pull. Technical indicators remain bearish with OM below $0.70, low RSI (36.97), and weak volume. Resistance near $1.00–$1.20. On-chain data shows steady TVL ($342.2M) and 50% of market cap staked, but $199M in open borrowing adds risk. Short-term outlook is bearish unless Mantra DAO offers updates, burns tokens, and takes credible recovery actions. In a stunning reversal, Mantra Coin (OM) has experienced an extraordinary crash of nearly 90% in price and market capitalization over the past week. Once trading at around $6.41 on April 10, 2025 , OM has plummeted to approximately $0.69 by April 17, 2025 , dragging its market cap from $6.17 billion to just under $688 million . The crypto community is now asking: Can Mantra recover from this steep downfall, or is this the beginning of a longer-term downtrend, or is this a rug pull similar to Hawk tuah? Rumours or Reality? CEO Responds as Redenomination Fears Explode The recent 90 %+ crash of Mantra (OM) triggered intense speculation, with many traders suspecting a token redenomination or smart contract migration as the cause. However, on April 15, 2025, CEO John Mullin dismissed these claims, denying any insider manipulation or rug pull. He explained the crash was due to a “technical domino effect” —as OM, used as loan collateral, began to drop in price, automated liquidations were triggered across exchanges, accelerating the sell-off. To restore confidence, Mullin announced a buyback and burn plan to reduce supply and revealed a $109 million ecosystem fund dedicated to partnerships, tech development, and marketing. While the recovery roadmap is in place, the community remains cautious, waiting for clearer actions and transparency from the team. Technicals Reveal Bearish Grip: OM/USD Struggles to Hold Key Levels The TradingView OM/USDT Analysis 1-hour candlestick chart paints a bleak picture . After a brief attempt to consolidate in the $0.75–$0.80 zone , OM saw a consistent pattern of red candles with minimal volume recovery. The large red candle around 01:30 (on April 17) signalled a panic sell-off, likely triggered by cascading stop-losses and sentiment shift. Key support levels were shattered quickly, and there’s now a psychological support forming near $0.68 . However, buyers have yet to show strong conviction. The volume trend indicates declining trading interest as the token attempts to stabilise. Notably, the RSI sits at 36.97 , dangerously close to the oversold threshold. Meanwhile, the MACD indicator confirms the bearish outlook, both the MACD and signal lines remain negative, with a histogram showing shallow but consistent red bars. This alignment reflects a lack of momentum for any upside reversal. The price briefly flirted with the $0.70 zone, but failed to reclaim it meaningfully, reinforcing that this psychological level now acts as resistance rather than support. Unless the OM price can regain strength above $1.00 backed by volume, the current trend suggests continued weakness. For now, the mantra price remains trapped in a downward spiral, with only faint glimmers of technical hope on the horizon. On-Chain Sentiment For OM Stays Resilient Despite Price Meltdown Mantra (OM) has plummeted over 90%, falling from an all-time high of $8.99 to around $0.70. According to DeFiLlama’s Mantra Coin onchain analysis, OM’s market cap shrank from $6B to $681M, mirroring heavy sell-offs on centralised exchanges (CEXS) and thin on-chain liquidity. Despite this crash, the Total Value Locked (TVL) has held steady at $342.2M, indicating that core DeFi users didn’t panic and unstake. Over 50% of the current market cap remains staked, showing resilience among long-term holders. Trading volume spiked beyond $5B during the crash, with 75% of it stemming from CEXS. This highlights OM’s vulnerability to off-chain volatility, as on-chain liquidity remains limited—just $1.8M across Ethereum, Base, and Polygon. Furthermore, open borrowing positions totalling $199M in ETH raise concerns about cascading liquidations if the price drops further. The gap between OM’s $1.27B fully diluted valuation (FDV) and $681M market cap adds pressure, suggesting more downside if token unlocks continue. While the crash exposed systemic fragility, the strong staking base may serve as a stabilising force if confidence gradually returns. Is This the Bottom for Mantra (OM), or Just the Beginning of a Bigger Decline? Mantra (OM) is at a critical inflection point. The 90% crash within a week was not only a blow to investor sentiment but also a stark reminder of the risks tied to centralised exchange reliance and thin on-chain liquidity. While fears of a rug pull or redenomination were put to rest by the team, the damage—both technical and psychological—has already been done. Technically, OM remains in a bearish structure, with weak volume and failed recovery attempts below key resistance levels like $1.00. On-chain, however, the protocol shows surprising strength: TVL has held firm, over half the supply remains staked, and core users have not abandoned ship. The proposed token burn and $109M ecosystem fund could help reignite interest, but only if backed by execution and communication. Until then, Mantra sits in a high-risk, high-uncertainty zone. Whether this crash becomes a footnote in OM’s comeback story or the beginning of a slow fade depends entirely on what happens next and how quickly the team can regain community trust. CoinOtag

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HTX DAO Approves First Proposals via Token-Weighted Voting, Advancing Decentralized Governance and Brand Building

Singapore, April 17, 2025 – HTX DAO, a decentralized autonomous organization committed to building a transparent and community-driven Web3 financial hub, announced the successful ratification of its first two community governance proposals — HIP-001: HTX DAO Committee Member Policy, and HIP-002: HTX DAO’s Official Interview Series “The DAO Talks”. Both proposals garnered significant community engagement and received broad support via $HTX token-weighted voting, officially entering the implementation stage. This marks a major milestone in HTX DAO’s progression toward decentralized governance and ecosystem development. It demonstrates the DAO’s continued commitment to decentralization, participation, and open collaboration, laying the foundation for a more transparent, inclusive, and interactive DAO model. *Full Announcement: https://htxdao-1.gitbook.io/announcement-en/official-announcement-hip-001-and-hip-002-proposals-approved HIP-001: A Modular Governance System from Policy to Practice HIP-001 establishes a fundamental governance structure for HTX DAO, setting forth the responsibilities of committee members, a modular governance structure, term and rotation mechanisms, and a hybrid formation model. Key elements include: ● Implementation of a modular governance mechanism , with 1–2 committee members assigned to each module; ● Introduction of term limits and a rotation system to ensure continuity and community engagement; ● Adoption of a hybrid selection model combining community elections with appointed members to balance decentralization and stability; ● Clear delegation of responsibilities, including proposal drafting, coordination, execution, and community feedback collection. HIP-001 provides the initial standardized and scalable framework for HTX DAO’s governance, laying a solid institutional foundation for future developments such as governance tooling, committee incentives, and additional governance modules. The new framework facilitates broader community involvement in decision-making and governance, enhancing the DAO’s professionalism, operational efficiency, and transparency. As the committee expands with more members, HTX DAO’s governance will become increasingly diverse and representative, driving deeper decentralization across the ecosystem. HIP-002: Empowering Governance Through Content and Building Communication Channels HIP-002 launches a new branded content initiative titled “The DAO Talks”, led by second-term honorary committee member DaDa and produced by HTX DAO. The series will feature interviews with promising Web3 projects, discussions on DAO governance, analysis of market trends, and interactive AMAs with the community. Airing weekly on X Spaces and HTX Live, the program functions as both a regular touchpoint for HTX DAO’s outreach and a strategic conduit linking the community, project teams, and investors. Through open conversations with high-potential projects, the series offers a community-driven perspective to boost token listing decisions on the HTX exchange and acts as a discovery mechanism for ecosystem growth. Paired with real-time market insights and community engagement through AMAs, the initiative strengthens user participation and offers $HTX holders access to rewards such as airdrops and whitelist opportunities. HTX DAO is redefining governance as a transparent and participatory process, evolving from a closed organization to a collaborative hub that links projects, exchanges, and users, thereby delivering decentralized coordination and shared value creation. By integrating content with governance, HTX DAO is establishing an efficient platform for communication, due diligence, and ecosystem synergy. Community-Driven Future for HTX DAO The transition of HIP-001 and HIP-002 from conceptualization to reality is a direct result of community votes and widespread support. These proposals fortify the DAO’s institutional foundation and underscore its inherent dynamism. Looking ahead, HTX DAO remains committed to its principles of openness, transparency, and community-driven governance. The DAO will continue to encourage global contributors to actively participate in building a more inclusive, sustainable, and decentralized ecosystem. About HTX DAO As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. It pioneers a blended CeFi/DeFi paradigm, including listing and community governance, through its focus on building an exchange DAO and a free financial hub ecosystem. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO. Contact information Website: www.htxdao.com Email Address: media@htxdao.com The post HTX DAO Approves First Proposals via Token-Weighted Voting, Advancing Decentralized Governance and Brand Building first appeared on HTX Square . CoinOtag