$OM just went vertical, surging over 17%

OM
OM
0.0605
-6.78%

with massive volume, yet many traders still haven’t caught what’s driving the move.

The catalyst? Binance has confirmed upcoming support for the OM transition tied to MANTRA’s ecosystem changes:

Token swap

Redenomination

Full rebrand to MANTRA

Futures settlement scheduled Feb 23, 2026

Current market signals

Price ≈ $0.06

Funding rate: −2.00% (extremely negative)

Volume: surging

Open Interest: rising

📊 What this means:

Negative funding at this level shows traders are heavily positioned on one side — a classic setup for a short squeeze scenario if momentum continues.

⚠ Trader takeaway:

Token migrations often create hype cycles — but they also create volatility traps. Momentum can reward early positioning, but late entries often become liquidity.

Stay sharp.

#om #omusdt