$OM is trading at $0.488, with a 24-hour trading volume of $409.56 M and a market cap of $473.64 M, marking a 34 % surge over the past 24 hours. This rally was ignited by Mantra’s announcement to burn $160 M $OM—including half of the founder’s allocation—to curb supply and restore confidence after last month’s 90 % flash crash blamed on forced liquidations. The project has vigorously refuted insider-dumping allegations following a $5 B market wipeout in hours, attributing the collapse to exchange liquidations and emphasizing renewed DAO transparency. Investors have also cheered Mantra’s strategic focus on real-world asset (RWA) tokenization, underscored by its $1 B partnership with Dubai’s DAMAC Group to bring compliant RWA offerings on-chain. Heightened trading on Binance and other major exchanges—reflected in OM’s Vol/Mkt Cap ratio spiking to 86.47 %—has amplified liquidity and momentum as whales and retail alike pile in. Broader risk-on flows driven by mid-cap DeFi rotation and easing U.S.–U.K. trade tensions have further buoyed OM’s price action. CEO John Patrick Mullin has signaled that additional token burns are on the table, cementing a deflationary roadmap that’s resonating with the community. After slumping in early April, $OM has climbed back into CoinMarketCap’s top 130, reinforcing its “Comeback Kid of 2025” narrative following DAO-led rescue measures. Analysts on TradingView have drawn bullish chart patterns on OM’s daily chart, forecasting further upside if resistance near $0.55 gives way. Finally, improved governance upgrades and open DAO communications have helped rebuild trust since the crash, solidifying today’s bullish sentiment.