#om Mantra (OM) token, which plummeted nearly 90% in value over a week, from around $6.41 to $0.69. This drastic decline has sparked concerns and speculation about the token's future.
Despite the crash, several factors suggest OM could recover:
- *Strong Fundamentals*: Mantra's focus on real-world asset tokenization and its regulatory-compliant framework position it well for future growth.
- *Strategic Partnerships*: The project's $1 billion partnership with Dubai-based DAMAC Group and its $109 million ecosystem fund could help drive adoption and increase demand for OM.
- *Resilient On-Chain Metrics*: Mantra's Total Value Locked (TVL) has held steady at $342.2 million, and over 50% of the current market cap remains staked, indicating a strong base of long-term holders.