Mantra (OM) experienced a significant price surge in late 2024, reaching an all-time high of $4.47 on November 18. This rally was driven by strategic developments, including a partnership with Google Cloud, the launch of Vaults for staking stablecoins, and the introduction of the GenDrop airdrop initiative . Additionally, the integration of Real-World Asset (RWA) savings vaults, in collaboration with Ondo, attracted both crypto and traditional finance investors .
However, after this peak, OM's price began to decline as large investors, or "whales," started selling their holdings. Between November 14 and 17, whale transactions fell by 54%, and significant transfers to exchanges like Binance and OKX were observed . This increased selling pressure contributed to a price correction.
Despite the recent downturn, some analysts remain optimistic about OM's long-term prospects. Predictions suggest that by 2025, OM could recover and potentially reach prices between $1.50 and $2.00, depending on market conditions and continued adoption of its platform .
As of now, OM is trading at $0.781155, reflecting a 30.24% increase from the previous close. The current intraday high is $0.916893, and the low is $0.569538
In summary, while OM's price has experienced volatility, the underlying developments and partnerships suggest potential for future recovery. Investors should monitor market trends and platform advancements to assess the token's long-term viability.
