The recent collapse of the mantra’s (OM) token (OM) compared comparisons to the deadly crash of the Terra ecosystem in May 2022, along with several commentators referring to Mantra as “next Terra.” However, many in the community argue that the two projects do not share in common than visual similarities to price charts.
“While tempting to draw an analogy between OM crashing and the fall of Terra Luna, they initially have a different events,” said Ben Yorke, vice president of the ecosystem in Decentralized Finance (Defi) Project Woo, in a statement to cointelegraph.
Alexis Sirkia, chairman of the Defi Infrastructure Project Yellow Network, has come up. “There is no real similarity other than the visual of the price collapse,” he said.
Visual Unity – Different Numbers
About the token si mantra Fall 92% on April 13, decreasing from over $ 6 to $ 0.52 in a few hours. According to data from coingecko, OM has lost $ 5.4 billion in market capitalization for less than four hours.
In contrast, Terraclassicusd (former UST) take five days to Talo a similar percentage, pouring $ 17.2 billion.
The mantra crash in April 2025 compared to USTC (former UST) crashing in May 2022 (seven-day chart). Source: Coingecko
Luna’s crash is less than both token and USTC. It started to fall a few hours before the The UST token has been lying on May 9, 2022.
However, the visual resemblance of price charts motivates comparisons with observers, despite significant structural differences between projects.
Terra collapse is a systematic contrast to the mantra
The Woo’s Yorke and Yellow Network’s Circia has come to an end that Terra’s collapse is systematic and occurred due to its failure algorithmic stablecoinWhile the mantra is not proven to be subject to any systematic flaws.
“OM appears to be more than a case of mismanagement or neglect,” Yorke said, adding that the mantra crash was involved in a “large number of tokens held by the insider” moved to the exchanges, causing the avoidance of fluids.
Source: Zachxbt
“The issue is not a protocol’s fault structure, but rather a breakdown in the handling and trust of the token,” he said.
Related: Mantra CEO says Om Token Recovery ‘Main Remembering’ but in the early stages
“The mantra is not damaged. No peg to fail. This is a market structure issue, not a protocol failure,” said Sirkia, emphasizing that an event just like a Smart contract Failure may indicate a serious protocol issue. He added:
“Terra collapsed because of how it was built. Mantra went through a market-driven correction. The team remained transparent throughout. After the collapse, OM was bouncing over 200%, showing true demand and belief in the community. The type of recovery did not occur in Luna.”
Yorke and Circia comments marked the second day after OM crashing, with the token slightly recovered at $ 0.80 by publishing the time after a Brutal Sell-off from above $ 6 to $ 0.50 per token on April 13th.
According to With mantra CEO John Mullin’s latest update, Mantra hopes to share a post-mortem report detailing events leading to OM token crashing over the next 24 hours.
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