OM Collapsed - What Crypto Can Learn from It

📉 A 90% drop in the price of OM is hard to ignore - even by crypto standards.

OM was ranked among the top 20 cryptocurrencies by market cap, which led many to assume it was “too big to fail.” And yet, the price crashed - from $6.12 to $0.46 in just three hours.

Does this mean that in crypto, nothing is truly “too big to fail”?
Yes, it does. Even Bitcoin’s price could be brought down under the right (or wrong) conditions. We’ve already seen even stablecoins collapse by over 90% - remember UST in 2022?

But here’s the real lesson from OM’s crash:

• The “too big to fail” argument doesn’t work in crypto.
• Instead, ask yourself: Will this asset still be useful if its price crashes like that?

Bitcoin has dropped 70–90% multiple times. And every time, Bitcoin believers kept buying. Why? Because Bitcoin remains the most secure way to store value (no one can seize your BTC) and the most reliable way to transfer funds (nobody can block or reverse your transaction). That’s why people will keep buying it whether it’s $100K or $10K.

Now, what about OM?

Does OM have enough utility for people to keep buying it even after a crash like this? Governance rights over Mantra Chain, access to tokenized RWA assets, early participation in new launches, Karma Protocol - are those still worth something after the shock?

We’ll find out soon enough.
For now, some of our liquidity partners are still showing interest in acquiring OM. So if you’re looking to swap your OM for something else - you can do it on rabbit.io. As always: no registration required, best rates guaranteed.