MANTRA token hits record low as blockchain halts amid unexplained incident

MANTRA token drops 18% to all-time low during blockchain outage

The MANTRA token, which is used on the MANTRA blockchain, fell 18.5% to its lowest price ever after the network suddenly stopped processing transactions. The drop happened around 11:00 pm UTC on Thursday, August 20, 2026. The token later recovered slightly but was still down about 10% over 24 hours.

The MANTRA team announced they had paused the blockchain as a safety measure while investigating an unexplained issue. All transactions and network services were frozen, and exchanges stopped allowing deposits and withdrawals of MANTRA tokens.

Key details of the incident

• MANTRA token price fell from $0.005060 to $0.004126, an 18.5% drop.
• Trading volume increased nearly 600% to $24 million during the drop.
• The last block on MANTRA Chain was produced at 11:13 pm UTC on August 20.
• The team has not identified the cause or provided a timeline for fixing the issue.
• Exchanges paused deposits and withdrawals, with no estimate for when they will resume.

MANTRA Chain remains offline

The MANTRA team said the network outage affected public access points, validators (computers that verify transactions), and services that connect MANTRA to other blockchains. They stated they would not restart the network until they were sure it was safe.

The team has not explained whether the price drop was connected to the outage or if any user funds were at risk. MANTRA did not respond to requests for more information by the time this was published.

What is confirmed

• The MANTRA token reached an all-time low of $0.004126 on August 20, 2026.
• MANTRA Chain stopped producing new blocks at 11:13 pm UTC on August 20.
• The MANTRA team halted the network as a precaution and is investigating the cause.
• Exchanges paused deposits and withdrawals of MANTRA tokens.
• Trading volume for MANTRA increased nearly 600% during the price drop.

What is still unclear

• The exact cause of the blockchain halt has not been identified.
• No timeline has been given for when the network or exchange services will resume.
• It is unknown whether the price drop was directly related to the technical issue.
• The team has not confirmed if any user funds were lost or at risk.

Background on MANTRA

The recent outage follows a difficult period for MANTRA. In April 2025, its previous token, OM, lost more than 90% of its value, falling from about $6.30 to below $0.50. This collapse erased over $5 billion in market value.

In June 2026, Inveniam Capital Partners announced plans to acquire MANTRA after investing $20 million in the project in 2025. The acquisition came after layoffs and restructuring in January 2026, which the CEO described as the project’s most challenging year.

Sources

• Cointelegraph
• CoinGecko (MANTRA price data)
• MANTRA Chain status page