Regarding prices and the market:
* Current price: Approximately $0.39 - $0.40 USD (at the current time, 9:56 PM on May 5, 2025, CST). Prices vary slightly between exchanges.
* Recent volatility: Prices are still in a volatile phase after a sharp drop in mid-April. In the past 24 hours, prices have continued to show a slight downward trend (around 5-8%).
* Market capitalization: Fluctuating around $370 - $380 million USD.
* Trading volume: Still quite high, indicating interest in this coin.
Recent news and events:
* CEO burns tokens to restore trust: The CEO of MANTRA has initiated the burning of 150 million OM tokens and plans to burn an additional 150 million. This move aims to reduce supply and attempt to restore investor confidence after the sharp price decline.
* Allegations of market manipulation: There are accusations that market makers have exploited validation loopholes to inflate the liquidity of the OM token.
* ZachXBT investigation: Renowned on-chain analyst ZachXBT has identified parties involved in the 90% price drop of OM.
* MAG cancels tokenization agreement: UAE real estate company MAG appears to have canceled a $3 billion asset tokenization agreement with MANTRA Chain. Instead, they are partnering with Mavryk Blockchain.
* MANTRA halts MCA6 operations and reduces the number of validators: MANTRA announced it will halt MCA6 operations and plans to cut its internal validator count by half in the second quarter of 2025.
* Whales transferring large amounts of OM to exchanges: A whale wallet transferred 2 million OM to a centralized exchange after holding for about a month and a half, incurring significant losses.
Analysis and price predictions:
* Price predictions for 2025 vary greatly, from a low of around $0.35 to a potential high above $2 USD. However, many analysts remain cautious following the sharp price drop.
* Some technical analysis suggests OM may form a continuation bearish pattern, with a risk of further declines.
* However, MANTRA is still considered a potential project in the field of real-world asset (RWA) tokenization, and price recovery will depend on investor confidence and the development of MANTRA Chain.
