Decentralized finance (DeFi) total value locked (TVL) dropped to $163 billion on April 14, 2025, a 1% decline from yesterday, following the Mantra (OM) token crash reported on April 13. Blockchain analytics from Lookonchain suggest Laser Digital cashed out $227 million in OM tokens before the 90% plunge, raising concerns about insider trading. Social platforms debate whether this exposes DeFi’s vulnerability to whale manipulation, urging stronger transparency measures.
