As of April 21, 2025, MANTRA (OM) is trading at approximately $0.5641, reflecting a modest recovery following a significant downturn earlier this month.
On April 13, the OM token experienced a dramatic flash crash, plummeting over 90% and erasing nearly $6 billion in market capitalization. This sharp decline highlighted underlying issues in crypto liquidity, as noted by industry experts.
In response, the MANTRA team announced a comprehensive token burn initiative, aiming to permanently remove up to 300 million OM tokens from circulation. This move is intended to reduce supply and potentially stabilize the token's value.
Despite these efforts, the token's future remains uncertain. Some forecasts suggest potential for gradual recovery, with price predictions ranging from $0.51 to $0.60 in the coming months. However, the recent volatility underscores the risks associated with OM, and investors are advised to approach with caution.