---
title: "What happened to the RWA token?"
url: https://diffcoin.com/what-happened-to-the-rwa-token/
description: "Just a couple of days ago, Mantra (OM) touted a 640% gain in 12 months. By Sunday, its $6-billion market cap fell to about $485 million"
published: 2025-04-13
updated: 2025-04-13
author: "Mila"
site: "Diffcoin"
---

# What happened to the RWA token?

Mantra, known as the second real-world asset token after Chainlink, nosedived over 90% over the past 24 hours.

Here’s what we know.

![Mantra price plummets: What happened to the real-world asset token? - 1](https://crypto.news/app/uploads/2025/04/chart147-1024x639.png)

Source: CoinGecko

Just a couple of days ago, Mantra (OM) touted a 640% gain in 12 months. At last check, its $6-billion market cap fell to about $485 million.

Patrick Mullin, Mantra’s CEO, recently spoke to crypto.news about being a fully compliant, end-to-end ecosystem for RWA tokenization and trading. The company, fresh from securing a VASP license from Dubai’s VARA, had plans to legally operate as a virtual asset exchange.

Its unclear whether the recent downtrend will stymie those plans.

## **MANTRA Ecosystem Fund**

A newly launched fundhas been established to support RWA and DeFi projects globally for over four years.

The company, which offers OM-token grants and capital investments, remained focused on lending/borrowing, trading, asset management, derivatives, and infrastructure.

Mantra also inked a $1-billion tokenization deal with DAMAC Group, covering real estate, hospitality, data centers.

This is a developing story. Stay tuned for more coverage.

[Source link](https://crypto.news/mantra-price-plummets-what-happened-to-the-real-world-asset-token/)