📉 Crash and Recovery

On April 13, 2025, OM experienced a sharp decline of 90%, dropping from $6.30 to less than $0.50. The cause was massive token movements to exchanges — about $227 million in OM, which triggered panic and mass selling.

In response, the MANTRA team announced the burning of 300 million OM (approximately 16.5% of the total supply), including 150 million tokens owned by project founder John Patrick Mallin. This move aims to reduce supply and restore investor confidence.

🔍 Technical Analysis

• Support: $0.50 — a level that has been maintained in recent days.

• Resistance: $0.58 — breaking through this level could lead to new growth.

• Moving Averages: Short-term averages are starting to flatten, which may indicate stabilization and potential growth.

If OM can secure a position above $0.50, there may be a move towards $0.75 in the medium term.

🧾 About the MANTRA Project

MANTRA is a layer one blockchain focused on the tokenization of real-world assets (RWA), such as real estate and commodities. The project offers regulatory compliance, developer modules, and cross-chain compatibility.