MANTRA’s native token dropped significantly, falling 18.5% from its 24-hour high to a record low just before the MANTRA Chain stopped producing blocks and the project team announced a precautionary network halt.
According to data from CoinGecko, the token declined from $0.005060 to an all-time low of $0.004126 around 11:00 pm UTC on Thursday. The asset later recovered to approximately $0.0044, remaining down roughly 10% over a 24-hour period, while trading volume surged nearly 600% to $24 million.
On Friday, the MANTRA team stated it was aware of an incident affecting MANTRA Chain and had halted the network as a precaution while investigating. The project noted that it did not yet have a root cause or a timeline to share, and confirmed that all endpoints and transactions were frozen.
The network suspension prevents assets from moving on MANTRA Chain, leading affected cryptocurrency exchanges to pause deposits and withdrawals without a specified timeline for resumption. The project's status page classified the event as a full outage impacting public endpoints, validators, bridge migration operations, and MANTRA-managed Inter-Blockchain Communication relays. The team stated the network would not be restarted until it is deemed safe.
Public RPC data listed block 17,449,398, produced at 11:13 pm UTC on Thursday, as the latest recorded block. MANTRA published its initial incident notice at 11:44 pm. The project has not commented on whether the token price movement was connected to the incident or if any assets were placed at risk.
