Situation as of late May 2025:
After OM crashed by over -90% in April, the MANTRA team launched a major recovery effort:
150 million OM tokens were burned, with another 150M scheduled (totaling 16.5% of supply).
A $109M recovery fund was announced to support liquidity, token buybacks, and partnerships.
Validator decentralization in progress + a public tokenomics dashboard now live.
Strategic partnerships: Google Cloud joined as a validator and a $1B deal with DAMAC Group was signed.
Omstead Testnet (EVM-compatible) launched, and the network remained stable even during the crash.
OM price has recovered from $0.37 to $0.45, but so far, this looks more like a relief bounce than a confirmed uptrend.
Risks remain: the token is still “high risk,” and trust is not fully restored.
My Take:
The project didn’t give up. If the recovery roadmap stays on track, OM could rebuild its credibility and market position. But for now — it’s on my radar, not in my bag.