The sudden collapse of the Mantra (OM) token wiped out over $6 billion in market value within an hour, triggering panic and raising concerns about the stability of real-world asset (RWA) projects.
IOTA founder Dominik Schiener highlighted the network’s resilience to such events, emphasizing IOTA’s track record since 2015, surviving multiple market cycles and remaining focused on honest and sustainable development.
The crypto sector saw a big shakeup as a popular altcoin, Mantra (OM), crashed rapidly in the space, erasing an over $6 billion market value within an hour, as noted in our previous news story. The shockwave spread across exchanges as panic set in. Moreover, prominent voices in the space raised alarms about the fragility of trust in real-world asset (RWA) projects. IOTA founder Dominik Schiener grabbed this opportunity to attract attention toward their ecosystem.
The OM Collapse & IOTA Founder’s Latest Remarks
A vocal crypto influencer known as Jonny questioned
