OM (Mantra) is the native token of the MANTRA Chain, a Cosmos-based Layer-1 blockchain focused on real-world asset (RWA) tokenization and decentralized finance, with governance and staking roles.
After rising above $8.99 at its peak in early 2025, the token plunged heavily and now trades around $0.05–$0.07, reflecting a massive market correction and loss of investor confidence.
A dramatic 90% crash in April 2025 — from roughly $6 to under $1 — was sparked by major token movements to exchanges and subsequent panic selling.
Recent developments include a token redenomination and network upgrade to “MANTRA”, rescheduled for March 2026, as part of a strategic shift toward regulatory compliance and broader RWA utility.
Confidence remains fragile: past controversies over token concentration and transparency have eroded trust, though developers highlight institutional compliance features to attract longer-term holders.
Traders see OM as highly volatile — a deep value play if the project’s RWA and EVM-compatible ambitions succeed, but still tethered to macro crypto sentiment.
