The collapse of the MANTRA (OM) token has sent shockwaves through the cryptocurrency investment community, leaving many investors grappling with substantial financial losses. As market analysts delve into the underlying causes of this dramatic downturn, numerous questions remain unanswered. In response, BeInCrypto sought input from industry experts to identify five critical warning signs that may have foreshadowed MANTRA's downfall and to outline actionable strategies that investors can employ to avoid similar pitfalls in the future.

On April 13, BeInCrypto reported the staggering 90% crash of OM, sparking widespread concern among investors who accused the project team of orchestrating a pump-and-dump scheme. While experts agree that there were numerous early indicators of trouble, many investors failed to recognize the associated risks. In 2024, following a community vote in October, the MANTRA team underwent a significant transformation by shifting OM's tokenomics. Originally an ERC20 token, OM transitioned into the native L1 staking coin for the MANTRA Chain. Additionally, the project adopted an inflationary tokenomic model with an uncapped supply, replacing the previous hard cap. This shift also saw the total token supply increase to 1.7 billion.

Despite these changes, concerns about the tokenomics persisted. Jean Rausis, co-founder of SMARDEX, pointed out that the tokenomics adjustments were a key concern in OM's collapse. Furthermore, the team's control over the OM supply sparked debates about centralization, with some experts suggesting that this could have facilitated alleged price manipulation. Phil Fogel acknowledged that a concentrated token supply does not inherently signal trouble, but emphasized the importance of investors understanding who holds significant portions of the supply, their lock-up terms, and whether their participation aligns with the project's decentralized objectives. Ming Wu, founder of RabbitX, concurred, stating that analyzing this data is crucial for identifying potential long-term risks.

2025 has been characterized by heightened market volatility, largely driven by broader macroeconomic pressures. Most cryptocurrencies experienced sharp declines, yet OM maintained relative price stability until its recent collapse. Rausis noted that this stability masked potential issues, although identifying such anomalies requires technical analysis expertise. Even without this skillset, he argued that casual observers could still spot red flags that eventually led to the crash.

Investors remained optimistic about OM's resilience during the downturn, only to face significant losses. Eric He, Community Angel Officer and Risk Control Adviser at LBank, underscored the necessity of proactive risk management to prevent such collapses. Ming Wu echoed this view, stressing the importance of avoiding over-allocation to a single token. Wu explained that a diversified investment strategy can reduce risk and enhance overall portfolio stability. Phil Fogel recommended focusing on a token's liquidity, considering factors like float size, price sensitivity to sell orders, and the influence of major market players.

Experts also highlighted notable inconsistencies in MANTRA's Total Value Locked (TVL). Eric He noted a significant disparity between OM's fully diluted valuation (FDV) and TVL, with OM's FDV reaching $9.5 billion while its TVL stood at only $13 million, suggesting potential overvaluation. The airdrop process also drew criticism, with Jean Rausis labeling it a \"mess\" due to delays, inconsistent eligibility rules, and the disqualification of half the participants. Phil Fogel further questioned the credibility of the project, citing suspected ties to questionable entities and initial coin offerings (ICOs). Eric He also suggested links between MANTRA and gambling platforms in the past.

Forest Bai emphasized the importance of verifying the project team's credentials, scrutinizing the project roadmap, and monitoring on-chain activity to ensure transparency. He also recommended evaluating community engagement and regulatory compliance to assess the project's long-term viability. Ming Wu urged distinguishing between genuine growth and artificially inflated metrics, recommending thorough research into the backgrounds of the project team members to uncover any history of fraudulent activity or involvement in questionable ventures.

Following the crash, MANTRA CEO JP Mullin attributed the collapse to \"reckless forced closures\" during low-liquidity hours, accusing centralized exchanges (CEXs) of negligence or intentional positioning. However, Binance countered by pointing to cross-exchange liquidations as the primary cause. While opinions diverged on the role of CEXs, experts agreed on the importance of investor protection. Eric He advised adjusting leverage dynamically based on market volatility, reducing exposure when signals like ATR or Bollinger Bands indicate turbulence. He also recommended avoiding trading during low-liquidity periods to minimize slippage risks.

The MANTRA (OM) collapse serves as a stark reminder of the significance of due diligence and risk management in cryptocurrency investments. By thoroughly assessing tokenomics, monitoring on-chain data, and diversifying holdings, investors can significantly reduce the likelihood of encountering similar setbacks. With expert guidance, these strategies can empower investors to make more informed and secure decisions in the volatile crypto market.

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