MANTRA token sinks 18% to record low amid blockchain halt
The token recovered to about $0.0044 after setting a new low, while exchanges paused deposits and withdrawals from the halted MANTRA Chain.
MANTRA token fell 18.5% to an all-time low of $0.004126 after the MANTRA Chain suffered a precautionary halt due to an unexplained incident. The blockchain halted operations, freezing all endpoints and transactions, while exchanges paused deposits and withdrawals. MANTRA's token price initially dropped from $0.005060 to the record low before recovering slightly to around $0.0044, yet still down about 10% over 24 hours.
Trading volume surged nearly 600% to $24 million. MANTRA stated they were aware of the incident affecting the chain and were investigating, but had no root cause or timeline to share. The team would not restart the network until it was confident it was safe.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
