MANTRA (formerly OM), a Solana-based RWA tokenization chain, collapsed 99.8% from its $9.11 ATH in February 2025 to $0.004 by August 2026, following a 2025 market crash, January 2026 restructuring, and an August 2026 exploit where 720.9M tokens were stolen from the burn address. Despite a strategic acquisition by Inveniam and a detailed post-mortem, the project delivered far below promises of becoming the leading tokenized real-world assets chain.
This is a DeFi social media roundup from September 14, 2026, featuring updates on APRO Oracle expanding to 40 blockchains with increased data validations, Superteam's global network hosting multiple Solana-focused hackathons and summits across regions, and CryptoPatel's analysis of MANTRA (formerly OM), a RWA tokenization blockchain that collapsed from $6B to $25M market cap after a token burn address hack and rebranding.
MANTRA (formerly OM), a Solana-based blockchain for real-world asset tokenization, collapsed 99.8% from its $9.11 peak in February 2025 to $0.004 by August 2026, following a 2025 crash wiping $5.5B and a subsequent August 2026 exploit where attackers stole 720.9M tokens from the burn address after a Cosmos EVM bug. The project faced layoffs, restructuring, and acquisition by Inveniam, with the team blamed for unmonitored security, partnership failures, and unfulfilled RWA promises.