MANTRA token sinks 18% to record low amid blockchain halt
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
MANTRA’s native token dropped 18.5% to a record low just before MANTRA Chain halted block production due to an unexplained incident. The team paused the network as a precaution, freezing all endpoints and transactions while investigating the issue. Deposits and withdrawals on affected exchanges were also suspended with no timeline for resumption.
Why it matters
The halt prevents asset movement on MANTRA Chain, impacting users and exchanges relying on the network. The source does not explicitly explain broader market or industry implications beyond these operational disruptions.
Key context
The incident caused a total outage affecting endpoints, validators, bridge migration, and inter-blockchain communication relays. This event comes after a difficult 2025 for MANTRA, including a prior collapse of its OM token and corporate restructuring following significant investment and layoffs.
Key numbers and entities
MANTRA token fell from $0.005060 to $0.004126 before partially recovering. Trading volume surged nearly 600% to $24 million. Block production stopped at block 17,449,398 at 11:13 pm UTC. MANTRA Chain remains halted as the investigation continues. CEO John Patrick Mullin previously described 2025 as challenging for the project. Inveniam Capital Partners invested $20 million in 2025 and plans to acquire MANTRA.
What remains unclear
The root cause of the incident and timeline for network restoration remain unknown. It is also unclear whether the token price drop was related to the halt or if any assets were lost or compromised. The MANTRA team did not respond to requests for further information.