MANTRA plunges 44% to $0.037 just days after its 1:4 token split triggered a 67% surge, erasing $141 million in market cap.
MANTRA's token has collapsed 44% in 24 hours, wiping out the gains from its March 3 token split and then some. The selloff has erased $141 million in market capitalization.
MANTRA's token plunged from $0.067 to $0.037 over the past 24 hours, a 44% decline that pushed the project's market cap from approximately $319 million down to $178 million. Trading volume surged as sellers overwhelmed buyers across major exchanges.
The crash comes just five days after MANTRA executed its v7.0.0 network upgrade on March 3, which included a 1:4 non-dilutive token split at block 13,000,000. The split changed the ticker from OM to MANTRA and adjusted the token's decimal structure from 6 to 18 places. Immediately following the split, the token surged 67% as exchanges like Binance and MEXC completed the migration and relisted under the new ticker.
The pattern of a sharp rally followed by an even sharper reversal is familiar in crypto token migration events. Splits and upgrades often generate short-term excitement that attracts momentum traders, only for selling pressure to intensify once the news cycle fades.
For MANTRA, the damage extends beyond this week. The token traded at an all-time high of $8.99 in February 2025. At the current price of $0.037, it has lost over 99.5% of its peak value. The project suffered a separate 90% crash in April 2025 that was attributed to large OTC-related sell orders triggering cascading liquidations. This latest decline suggests the underlying selling pressure has not subsided.
The $0.030 level represents the next key support. A break below could trigger further liquidations and push the token into single-digit cent territory. Investors should monitor exchange outflow data and whale wallet activity for signs of stabilization. The MANTRA team has not yet issued a statement on the latest selloff.
Token splits and migrations can temporarily boost prices, but they do not change fundamentals. MANTRA's pattern of sharp rallies followed by steep declines highlights the risks of trading around technical events without underlying demand to sustain higher prices.
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