The situation with MANTRA (OM) is more interesting than the final episode of your favorite series because it has it all: potential to explode, but also a few cautionary warnings that we cannot ignore.
Let's break down the core of the matter. On one hand, MANTRA is betting big on Real World Assets (RWA), which basically means bringing things like properties or crops into the digital world with tokens. Imagine the size of that: the RWA market is projected to skyrocket to about $16 trillion! 🤯 If MANTRA positions itself well there, we could see it soar. Additionally, they burned 300 million OM tokens, which is 16.5% of their total supply! 🔥 And the CEO of MANTRA burned 150 million tokens from their own wallets. This boosts the project's credibility, showing they are serious. If you add that they are now allied with Google Cloud to improve access for developers and that they are working with Dimitra to tokenize agricultural assets worth millions, the outlook looks promising. Those are moves that can give it a boost.
But, like in any good thriller, there’s a twist: the "whales" 🐳, that is, the big investors, have brutal control. 73% of the OM tokens are in their hands! This is a double-edged sword: if they decide to sell, the price could plummet. And not only that, the RSI indicator (a technical measure) is showing that OM is "overbought" (at 78.56), which historically means there could be a correction or a pause before continuing to rise. It's like when a runner is going full speed; they need to stop a bit to catch their breath. The 7-day RSI is already at 91.94!, suggesting a possible pullback of 15-25%. Watch out for that.
Now, why is all of this important? Because if MANTRA manages to turbocharge the RWA and continues burning tokens, we could see long-term growth. But in the short term, that concentration of tokens in a few hands and the technical indicators of overbought conditions could cause some turbulence. The key is to see how they manage the balance between growth and the risk of whales moving the market.
The question that hangs in the air is: Will MANTRA be able to decentralize its validators before October 2025 and thus reduce the influence of those whales? 🤔 We will be keeping an eye on this move!$OM
