MANTRA, a key player in the digital asset market has been at the center of both positive and negative occurrences lately. After observing a disastrous 90% crash, the organization is trying to bounce back by implementing strategic plans. Measures such as token buyback programs and migration of OM token from
ERC-20 to native
Mantra Chain by 2026 are significant changes that can potentially impact the value. Such plans, along with launching the first compliant RWA product aim to win back investor confidence. Significant amounts such as $45M and $25M were rolled out in successive buyback plans backed by institutional investments. However, concerns were raised over possible insider token dump, leading Mantra's traction in the financial market to an abrupt halt. Crisis management plans like burning team's tokens and the CEO planning to burn a significant portion of his tokens were announced to regain trust in the market. Despite this, skepticism remains amongst the members of the crypto-community and stakeholders, with many investors still below break-even.
The collaboration with DAMAC to tokenize $1 billion in Middle East and the initiative to burn 300 Million
Team Tokens showcase the company's attempts to recover.
Market conditions and financial performances of the organization have raised questions about the sustainability of the cryptocurrency - however, it has started to show signs of recovery after the announced strategies were set in motion. Moving forward, the firm plans to embrace a 'Comprehensive Burn Program' and onboard active validators like Binance Exchange, marking crucial milestones on the road to rebuilding and growth. With the latest announcement, Mantra has demonstrated its commitment towards overcoming the recent challenges and restoring the stability and value of the
OM token.
MANTRA Token News Analytics from Mon, 13 Jan 2025 08:00:00 GMT to Fri, 29 Aug 2025 09:02:05 GMT -
Rating 5
- Innovation -2
- Information 6
- Rumor -1
