$OM just went vertical, surging over 17%
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.