Mantra token plunges 18% to record low after chain halt
MANTRA fell 18.5% to an intraday low after MANTRA Chain stopped producing blocks and the team halted the network, freezing public endpoints and transactions during an investigation.
MANTRA’s native token dropped 18.5% from its 24-hour high to a record low after MANTRA Chain stopped producing blocks and the project halted the network while investigating an unexplained incident.
Market data showed the token fell from $0.005060 to an all-time low of $0.004126 late Thursday before recovering to about $0.0044, leaving it roughly 10% down over 24 hours. Trading volume rose nearly 600% to about $24 million during the same period.
The project posted an incident notice saying it was “aware of an incident affecting MANTRA Chain” and that it had halted the network as a precaution. The message added, “We don’t have a root cause or timeline to share yet,” and stated that “all endpoints and transactions were frozen.” The team wrote it would not restart the network until confident it was safe.
The project’s status page classified the event as a full outage affecting public endpoints, validators, bridge migration operations and MANTRA-managed inter-blockchain communication relays. The status page listed block 17,449,398 as the latest public block, produced at 11:13 p.m. UTC on Thursday. The initial incident notice was posted at 11:44 p.m. UTC; the token’s intraday low was recorded around 11:10 p.m. UTC.
Because on-chain movements are blocked, several exchanges that support MANTRA paused deposits and withdrawals. No timeline has been provided for resuming these services. The project has not confirmed whether any user assets were lost or placed at risk, nor has it provided a timeline for the investigation or a network restart.
The price swing and surge in volume reflected increased trading and liquidation activity following the outage. After hitting the intraday low, the token recovered somewhat but remained well below the prior day’s peak.
MANTRA has faced recent operational and market challenges. In April 2025 the project’s former OM token collapsed, falling more than 90% from roughly $6.30 to below $0.50. In June, an investor announced plans to acquire the project after a $20 million investment earlier in 2025. The company carried out layoffs and restructuring in January; the CEO had described 2025 as the project’s most challenging year.
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