From Cointelegraph

April 15, 2025 10:06 AM:

The recent collapse of the Mantra (OM) token drew comparisons to the Terra ecosystem crash in May 2022, with some calling Mantra the “next Terra.” However, experts argue that the projects have different fundamentals despite visual similarities in price charts. Mantra’s OM token plummeted 92% on April 13, losing $5.4 billion in market cap in hours. In contrast, TerraClassicUSD took five days to shed a similar percentage. The LUNA crash was more gradual, leading to UST depegging on May 9, 2022.

Experts agree that Terra’s collapse was systemic due to a stablecoin failure, while Mantra’s crash was attributed to mismanagement and insider token movements. Unlike Terra, Mantra’s issues were not structural flaws in the protocol. Mantra’s recovery to $0.80 after dropping to $0.50 on April 13 shows community confidence. The team plans to release a post-mortem report soon.

Woo’s Yorke and Yellow Network’s Sirkia emphasize that Mantra’s crash was a market-driven correction, not a protocol failure. They highlight the transparency of the team and the strong community support post-crash. Mantra’s recovery to $0.80 indicates real demand and belief in the project, contrasting with Luna’s collapse in 2022.

Read more at Cointelegraph: Nothing in common but a token crash