MARKETS

MANTRA (OM) sinks 18% to record low as MANTRA Chain halts over unexplained outage

Aug 22, 2026 · MARKETS

Friday Aug 21: MANTRA (OM) fell 18% from its 24-hour high to a record low shortly before MANTRA Chain stopped producing blocks. The team announced a precautionary halt over an unexplained incident affecting the chain, saying no root cause or timeline is available yet and that endpoints and transactions were frozen. CoinGecko data showed the token down about 10% over 24 hours, trading near $0.0044, while 24-hour volume rose almost 600% to roughly $24 million. The status page classified the event as a full outage affecting public endpoints, validators, bridge migration and MANTRA-managed inter-blockchain (IBC) relays. Several exchanges paused OM deposits and withdrawals; no resume timeline has been given.

Cointelegraph; CoinGecko

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