$OM
🚨Breaking
OM Surges Following 300M Token Burn and Governance Overhaul
MANTRA (OM) has seen a notable uptick in activity following major ecosystem changes, including the burn of 300 million OM tokens and a strategic governance update. The project reduced its internal validator count while onboarding new external partners, marking a shift toward decentralization. Additionally, MANTRA has transitioned to an inflationary tokenomics model, signaling a new phase in its economic framework.
These developments, alongside ongoing token unlocks, have sparked heightened investor interest and increased market engagement. As of now, OM is trading between $0.37 and $0.38—reflecting a 0.7% to 0.86% gain over the past 24 hours. Daily trading volumes range from $121 million to $157 million, while the circulating supply stands near 967 million tokens. The token’s market cap is estimated between $372 million and $451 million, underscoring strong market liquidity.
Price action suggests that the token burn and governance changes have contributed to increased volatility and trading activity. Technical indicators such as the RSI and MACD show strengthening bullish signals, with OM maintaining key support levels and traders eyeing potential breakout targets. Together, these structural shifts and technical resilience have helped stabilize OM’s price, supporting a modest upward trend.