Complete Gate Post tasks to upgrade your rank

Credit Ranking

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/1744679020HOTSPOT.png)
##Introduction

Recently, the RWA sector project MANTRA (OM) experienced a dramatic price crash, plummeting from $6 to $0.5 in a short period, resulting in a market value loss of over $5.5 billion. This event not only triggered panic among investors but also sparked widespread discussions regarding transparency and regulation in the <a href="/ja/price" target="_blank" class="blog_inner_link">cryptocurrency market</a>. This article will discuss the background of the crash, possible causes, and its impact on the crypto industry.

##Underlying Concerns Behind the Crash

In fact, the crash of the OM project was not accidental but rather the culmination of long-standing issues.

The project's high control over the tokens has long raised questions about its legitimacy in the market. According to analyses, OM primarily operated through an OTC model involving ground promotion, which essentially relies on continuously issuing new tokens to absorb the selling pressure of old tokens, creating a cycle. However, once liquidity dries up or unlocked tokens cannot be absorbed by the market, the entire system may collapse.

Moreover, the project faced legal disputes due to asset misappropriation and failure to fulfill token commitments, significantly decreasing market trust in OM. Additionally, recent forced liquidation events exacerbated market panic, leading to a rapid withdrawal of many investors. This series of events not only harmed investor interests but also negatively impacted the reputation of the entire cryptocurrency industry.

##Industry Reactions and Calls for Regulation

This incident has been widely regarded as a major scandal for the entire cryptocurrency industry. Relevant parties have pointed out that all on-chain unlocking and deposit data will be made public, and collateral and liquidation data from major exchanges may also be investigated. This statement not only shows the seriousness of the incident but also reflects the urgent demand for strengthened regulation in the market.

As the situation develops, calls for transparency in the <a href="/ja/price" target="_blank" class="blog_inner_link">cryptocurrency market</a> from both inside and outside the industry are becoming increasingly strong. Investors hope to see stricter regulatory measures to prevent similar incidents from occurring again. Finding a balance between protecting investor interests and promoting innovation will be a significant challenge for future regulatory bodies. Regulatory agencies in various countries need to enhance cooperation and establish unified regulatory standards to improve overall market transparency and security.

The crash of OM serves as a reminder that risks and opportunities coexist in the <a href="/ja/price" target="_blank" class="blog_inner_link">crypto market</a>. While pursuing high returns, investors must remain vigilant and invest rationally. The healthy development of the industry needs to be built on a foundation of transparency and trust; only through effective regulation and market self-discipline can the occurrence of such events be reduced.

In this rapidly changing market, maintaining vigilance and understanding the fundamental aspects of projects will be key for investors to navigate complex environments steadily. As the market matures, there may be more innovations and healthy competition in the future, but it is also essential to remain highly alert to potential risks. Investors should actively participate in industry discussions and pay attention to policy changes to timely adjust their investment strategies and protect their interests.

For regulators, the lessons from the OM incident are profound, reminding us to maintain a cautious attitude in cryptocurrency investments. Strengthened regulation and market self-discipline will be the cornerstone of healthy industry development. Only through joint efforts can a more transparent and secure <a href="/ja/price" target="_blank" class="blog_inner_link">crypto market</a> be built, paving the way for future innovations and developments.

<div class="blog-details-info">
<div>Author:** Orisi.T**, Gate.io Researcher
<div>Translator: Orisi.T
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

简体中文

English

Tiếng Việt

Español

Русский язык

Français

ภาษาไทย

Indonesia

Deutsch

عربي

Português (Portugal]

Português (Brasil]

繁體中文

Українська

福利中心

web3 Airdrop

launchpool

小红花-Exchange-Startup

交易-盘前交易

launchpad

打新

小红花-Learn & Explore-博客

小红花-Learn & Explore-快讯

币圈-币圈-未来事件

小红花-Learn & Explore-聊天室

小红花-Learn & Explore-直播

小红花-Learn & Explore-动态

币圈

Gate OTC

芝麻金融-更多-财富管理

机构-APIs

机构-大宗交易服务

机构-经纪商项目

全球做市商计划

机构-托管和资产管理

机构借贷

机构-做市商项目

小红花-Promotions-机构和VIP服务

量化基金

机构-基础架构

机构-交易

机构-金融

结构化产品

机构-主页

衍生品-统一账户

芝麻金融-更多-抵押借币

vip服务

机构

策略跟单

现货跟单

合约跟单

跟单

量化策略-探索

量化策略-进阶

量化策略-基础

机器人广场

创建机器人

探索机器人

杠杆网格

无限网格

期现套利

组合指标策略

智能调仓

现货马丁格尔

合约网格

现货网格

交易机器人

芝麻金融-更多-ETH2.0挖矿

芝麻金融-更多-法币理财

链上赚币

芝麻金融-理财-双币宝

芝麻金融-理财-定期理财(屯币)

芝麻金融-理财-结构性理财

芝麻金融-理财-理财宝

芝麻金融-理财-余币宝

GT挖矿

芝麻金融-更多

芝麻金融-理财

赚币

模拟交易

衍生品-期权

衍生品-交割合约

衍生品-永续合约

合约入门

合约活动

衍生品

交易-杠杆ETF

交易-杠杆交易

交易-闪兑

交易-现货交易

交易-创新交易

交易

行情

买币-gateCard

卖币

买币-快捷交易

买币

买币-paywith

法币定投

小红花-推广

新手指南

活动中心

小红花-Learn & Explore-学院

小红花-Exchange-最新公告

小红花-Exchange-帮助中心

gate商店

小红花-Promotions-邀请计划

小红花-promotions-代理商

cextg小程序

储备金

合作伙伴

小红花

web3

Analysis and Outlook of the OM Crash Event