Mantra’s $OM token price suddenly crashed by around 90%, with the project’s supposed “market cap” shrinking by around $5 billion in the span of hours. Mantra is a layer-1 blockchain project aiming to support real-world asset trading.Some have accused Mantra of rug-pulling or accused Mantra investors like Laser Digital of mass sell-offs. However, Mantra claims that the flash crash was due to “reckless forced closures initiated by centralized exchanges on OM account holders” — a claim that has been questioned by those observing the rapidity of the crash.