What happened to the RWA token?
Mantra, known as the second real-world asset token after Chainlink, nosedived more than 90% over the past 24 hours.
Here’s what we know.
Just a couple of days ago, Mantra (OM) touted a 640% gain in 12 months. At last check, its $6-billion market cap fell to about $485 million.
Patrick Mullin, Mantra’s CEO, recently spoke to crypto.news about being a fully compliant, end-to-end ecosystem for RWA tokenization and trading. The company, fresh from securing a VASP license from Dubai’s VARA, had plans to legally operate as a virtual asset exchange.
Its unclear whether the recent downtrend will stymie those plans.
MANTRA Ecosystem Fund
Mantra’s newly launched fund, MEF, has…
