Kwi-13.Aprili 2025, i-crypto world iye yaziwa kwi-token crash ye-brutal xa i-OM, i-token eyenza i-Mantra RWAs ecosystem, yabafutshane i-90%.Ukukhishwa kwama-$5 billion kwi-market valueNangona i-CEO ye-Mantra, uJohn Patrício Mullin uyenza i-crash kwi-"i-massive forced liquidations" yeempozithi ezininzi ze-OM kwi-exchanges ze-centralized.
Ukuphuma kwe-token ngokugqithisileyo iye yenza abathengisi kunye neengcali abasetyenziswa ukufikelela kwimeko, nangona akukho iingcebiso ze-exploitation okanye iingcebiso ze-hacks.
I-Collapse ye-Mantra yaba I-Coincidence okanye i-token dump epheleleyo?
Was Mantra's collapse a Coincidence or a perfectly staged token dump?
I-Mantra yenzelwe njengoko i-Layer-1 Blockchain eyenziwe ekubeni i-TradFi kunye ne-DeFi nge-tokenizing iimveliso zehlabathi (i-RWAs) ezifana neengxaki kunye ne-real estate on-chain. I-Token ye-utility, i-OM, isetyenziselwa i-gas, i-government, i-staking, kunye nokufumana i-RWAs ze-tokenized. I-token sale-off emva kokuqala kwimizuzu ye-low-liquidity trading kunye nokuphumelela ngokukhawuleza ngenxa ye-chain ye-liquidations yeempawu ze-leverage. Kwiintsuku eziliqela, i-OM yandiswa ngexesha le-$6.3 ukuya ku-$0.5.
Nangona kunjalo, iimpawu ze-crack kunye ne-fragility kwi-projekt ziye zithunyelwa ngenyanga ezininzi. I-Mantra Team yathandatha iingcebiso ze-liquidity yokusebenza kweprojekthi kwi-community yayo. I-team ngathi iye yabafumaneka kwi-90% ye-token supply, iye yenza iingcebiso ezininzi ze-OTC yokuthengisa i-token kubathengi ngexabiso ezincinane, kwaye ngexabiso ezininzi iplani zofundiso kunye ne-allocation ye-token airdrop kubasebenzisi zabo.
Iinkcukacha ze-on-chain zibonakalisa ukuba phakathi kwe-April 7 kunye nexesha le-crash, malunga ne-17 i-wallet zithunyelwe i-43.6 million OM (i-approx. $227M) kwi-Binance kunye ne-OKX, leyo yaba malunga ne-4.5% yentlawulo yentlawulo ye-token. Njengoko ingcindezi yokuthengisa lithunyelwe ngokubanzi kwimeko yokuthengisa, i-wave ye-sell-off yenza i-cascade ye-liquidity, kunye ne-$71 million ze-OM zithunyelwa kwimizuzu ezininzi.
I-Binance iye yasungula iingcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso zeengcebiso.
MANTRA Collapse vs Terra Collapse
Ukukhula kwe-MANTRA ye-2025 yaba iintlobo ezininzi kunye nokukhula kwe-Luna ye-Terra ngo-2022. Izixhobo ezininzi ze-on-chain, i-spiral yokukhula ngokushesha kwi-price action, kunye neengxaki ze-team. Nangona kunjalo, i-OM iye yenzelwe njengoko i-compliance-forward, i-RWA-focused blockchain. Nge-tokenized real estate, i-KYC-aligned DeFi tools, kunye ne-infrastructure eyenza ukuhlanganiswa kwe-regulatory, i-OM iye yenza i-reputation njenge-token eyenza kakhulu e-RWA kunye ne-highest-time ye-$9.04 ngoFebruary 2025. Oku kwenza ingxaki yok
Tracy Jin, i-COO ye-MEXC, ibonise ukuba le i-OM i-crash inokufumaneka njenge-deja vu kumadoda omnye abalandeli i-LUNA.
“I-opacity kunye ne-concentration ye-asset emanzini yabasetyhini elidlulileyo. Akukho i-catalyst ebandayo, akukho i-exploit enkulu, i-liquidity ebandayo kunye ne-domino ye-liquidations ebandayo. Yinto iingcebiso ebandayo ukuba iiyure ezincinane ze-volume zinokukwazi ukuvelisa i-wipeout ye-high stakes, ikakhulukazi xa i-tokens ezintsha ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye z
“I-opacity kunye ne-concentration ye-asset emanzini yabasetyhini elidlulileyo. Akukho i-catalyst ebandayo, akukho i-exploit enkulu, i-liquidity ebandayo kunye ne-domino ye-liquidations ebandayo. Yinto iingcebiso ebandayo ukuba iiyure ezincinane ze-volume zinokukwazi ukuvelisa i-wipeout ye-high stakes, ikakhulukazi xa i-tokens ezintsha ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye ziye z
Implications for the RWA industry \ I-OM crash ifumaneka ngexesha xa i-tokenization ye-RWA ibonelela isantya njengoko i-alternative ethu ye-traditional bonds, kunye ne-Tokeznized gold ebandayo ngaphezu kwe-$2 billion market cap kunye ne-Locked Value total ye-RWA ibandakanya i-$11 billion kwiQ1 ye-2025, phakathi ne-volatility emakethe ebandayo eyenziwe ngempumelelo ye-geopolitical.
"Icebiso elikhulu yi-trust. Xa i-token ye-high-profile ithatha ngaphandle kwe-smoking we-gun, i-left ye-community ithatha i-wire ye-conspiracy ukusuka kwegama ze-on-chain. I-OM collapse yinto i-wake-up ye-sector ye-RWA yonke, ikakhulukazi iiprojekthi ezinikezela ukufikelela ngokufanelekileyo kwi-institutional. Xa i-token kunye ne-market cap ngexabiso le-$6 billion ithatha i-90% yayo kwimali kwiiyure ezininzi ngaphandle kwe-trigger evulekileyo, ibandakanya ukuxhaswa kwinkqubo ye-RWA ngokufanelekileyo. "
"Icebiso elikhulu yi-trust. Xa i-token ye-high-profile ithatha ngaphandle kwe-smoking we-gun, i-left ye-community ithatha i-wire ye-conspiracy ukusuka kwegama ze-on-chain. I-OM collapse yinto i-wake-up ye-sector ye-RWA yonke, ikakhulukazi iiprojekthi ezinikezela ukufikelela ngokufanelekileyo kwi-institutional. Xa i-token kunye ne-market cap ngexabiso le-$6 billion ithatha i-90% yayo kwimali kwiiyure ezininzi ngaphandle kwe-trigger evulekileyo, ibandakanya ukuxhaswa kwinkqubo ye-RWA ngokufanelekileyo. "
Kuba abathengisi kunye nabenzi, ukuchithwa kwe-OM ibonelela ukuba i-polishing kunye ne-compliance wrap isakhiwo ayikwazi ukuguqula i-transparency kunye ne-decentralization njengeengxaki ezisemgangatho yokuphumelela kwiprojekthi. Ukudibanisa ukulawula umnqweno kwimandla yeentlobo ezincinane kuphela ukwakha inkqubo ebuthandayo enokufutshane ngexesha elinye.
Emva kokuphumelela kwe-OM, abathengisi abaphumelele kwi-RWA ziya kufuneka ukhangele iingcali ukuze ufumane ukuba ukulawula i-supply, iinkqubo ze-liquidity maintenance ziyafumaneka, kunye ne-transparency yokuzonwabisa xa iimveliso ziya kuhamba kumzantsi. Ngenxa yokuba kwihlabathi ebonakalisa iimveliso zehlabathi, i-trust ibekwe i-currency ebonakalayo kakhulu.
I-Potential ye-Tokenized RWA ibekwe engabonakaliwe, nangona abathengisi zithembisa le nqakraza emva kwimeko yale.
