Today, thanks to the Chicken Farm eggs, I regained a little more than 0.40 USDT. I already put it in another position, with less leverage and more relaxed. If it drops to 0.25 USD, I will close it, recover, and come back with another strategy.
But in the meantime, I saw something that gave me something to write about...
Today nothing very relevant happened to me, but I saw several comments saying that buying OM now could make you a millionaire in a few years. It caught my attention, so I started to investigate. The first thing I did was look at the portfolios of those who said that (the ones that were public). What was the surprise? Almost none had OM. A bit strange, right?
🧩 What is $OM and what does MANTRA seek?
OM is the native token of the MANTRA ecosystem, a layer 1 blockchain based on Cosmos SDK and MultiVM, designed to tokenize real-world assets (RWA), such as bonds, real estate, or traditional financial instruments. Its idea is to build a regulated infrastructure that complies with laws and attracts institutional capital, which has given them visibility, alliances (like with Google Cloud and Dimitra), and some fame.
But I also came across a fact that left me in doubt: OM has infinite supply.
There is no pre-established maximum cap on tokens. This doesn’t mean they will print without control, but the possibility creates uncertainty. The more tokens there are, the lower the value of each one can be due to simple supply and demand.
However, MANTRA is mitigating this with token burns (see section 🔥 below), reducing the total supply.
📉 And why did the price drop so much?
OM reached a peak of 8.99 USD in February 2025, but after a 90% drop in April (from ~6.30 USD to less than 0.50 USD), today it is worth 0.265746 USD (07/24/2025, 11:25 PM -03).
The drop was hard and generated accusations: some users on X talked about a possible rug pull, but MANTRA denied it. They remain active, publishing advances like their MultiVM mainnet and the Hongbai DEX, but the token is struggling to regain strength.
To try to stabilize the price, MANTRA has resorted to token burning. According to their own data (captured on 07/25/2025, as seen in the image), more than 242 million $OM have already been burned, and the current circulating supply is 60.68% of the total. This action shows a commitment to controlling supply, but leaves the question: is this burn enough or was it just an attempt to generate hype? Is there something more real behind it?
👤 Who is behind the project?
The CEO of MANTRA is John Patrick Mullin, with experience in investment banking and a focus on merging traditional finance with crypto.
It is supported by Jayant Ramanand (blockchain expert) and Stephen Peepels (regulations), along with veterans from Citigroup and Credit Suisse.
The team seems solid, participates in events and interviews... but the infinite supply and the recent drop continue to generate doubts about long-term trust.
🤔 So is it worth it?
It depends. The RWA approach has a future: it is supported by partnerships with Google Cloud and Dimitra, and alignment with regulations could attract major financial players.
But the OM token has more doubts than certainties: infinite supply is a risk (even with burns).
🔥 What is token burning and how does it affect buyers?
Token burning is when MANTRA permanently removes tokens (like the 150 million already burned), sending them to an inaccessible address. If they complete the planned 300 million, the total supply would drop from 1.68 billion to ~1.38 billion.
This seeks to increase value through scarcity.
👉 It does not affect your tokens: if you have 1,000 OM at 0.26 USD (260 USD), you still have 1,000 after the burn.
If the price rises to 0.30 USD, you would have 300 USD. But there are no guarantees: the impact depends on demand.
It could rise if trust returns... or drop more if the market continues to doubt (especially due to the issue of infinite supply).
📌 Conclusion
OM is a project that generates noise, but also many doubts. It has an experienced team, important alliances, and technical advancements, but that does not erase the risks:
Its infinite supply is not a minor issue.
The 90% drop continues to weigh heavily.
And the unclear communication does not help build trust.
Can it recover? Yes.
Will it be what they promise? No one knows.
What I do know is that I don’t plan to enter a coin just because others say so.
This analysis helped me see that sometimes it is not enough for the project to look good: you also have to look at who promotes it, how it operates, and how transparent it is.
For now, OM goes on my list of “watch closely, but with caution.”
What do you think of OM?
Do you see it as having potential or is it already over?
Does token burning give you confidence or does infinite supply hold you back?
📌 I plan to research $SPK thoroughly. The recent very orderly rise and the precautionary warnings in the Binance audit section caught my attention.
As you can see in the attached image, mintable assets were detected on BSC and ETH, meaning the total supply of tokens could increase and affect its price. A crucial point for any investment.
If you notice something wrong or want to add information, write it in the comments. I am more interested in learning than being right.
#om #BinanceSquare #analysis