As of May 8, 2025, MANTRA (OM) is trading at approximately $0.3657 USD, reflecting a notable drop due to recent market volatility. The token saw an intraday high of $0.3899 and a low of $0.3544, with a 24-hour trading volume of about $128.7 million USD and a market cap of $351.5 million USD.
Key Updates:
Token Burn: MANTRA permanently removed 150 million staked OM tokens from circulation to reduce supply and support long-term value.
Transparency Boost: A real-time dashboard has been launched, offering public insights into token metrics and ecosystem data.
Network Stability: Despite the price drop, the MANTRA Chain operated without disruption, even at record transaction volumes.
Governance Improvements: MANTRA plans to reduce internal validators by 50% and onboard 50 external partners by Q2 2025 to enhance decentralization.
Market Stability Push: MANTRA is working with major exchanges to curb systemic risks related to over-leveraged positions and promote responsible trading policies.
Outlook:
While recent measures aim to restore confidence and ensure network resilience, the tokenโs future performance will hinge on broader crypto market trends and continued execution of its decentralization and transparency goals.