MANTRA [Old] (OM) has experienced a catastrophic 44.1% price collapse in the past 24 hours, plummeting from $0.067 to $0.037 as of March 8, 2026, according to real-time market data.
Massive Market Cap Evaporation
The dramatic selloff has obliterated $141 million in market capitalization within 24 hours, with MANTRA’s market cap falling from approximately $319 million to $178 million. The token now ranks #185 by market capitalization.
Trading volume remains relatively subdued at $81,654, suggesting limited liquidity during the price collapse. The 24-hour price range shows extreme volatility, with a high of $0.067 and a low of $0.032.
Extended Decline Pattern
The current crash extends a broader downtrend affecting MANTRA:
- 7-day decline: -45.5%
- 30-day decline: -11.1%
- From all-time high: -99.6%
MANTRA reached its all-time high of $8.99 on February 23, 2025, meaning the token has lost virtually all its value in just over one year. The current price of $0.037 represents a staggering 99.58% decline from peak levels.
Supply Metrics
With a circulating supply of 4.77 billion tokens and a total supply of 7.06 billion, MANTRA’s fully diluted valuation now stands at approximately $264 million. The significant gap between circulating and total supply indicates potential future selling pressure from token unlocks.
Market Context
Despite the brutal decline, MANTRA remains 116% above its all-time low of $0.017 recorded on October 12, 2023. However, the past hour shows a modest 0.28% recovery, suggesting possible stabilization attempts.
The “[Old]” designation in the token name may indicate a migration or rebranding event, which could explain some of the market confusion and selling pressure. Traders should exercise extreme caution and verify current contract addresses before any transactions.
This is a developing story. Market data accurate as of March 8, 2026, 00:07 UTC.
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About the Author: Ananya Melhotra
