Binance and
KuCoin have completed the
swap, redenomination, and rebranding of the
MANTRA (OM) token to
MANTRA (MANTRA) token. After the event, the
MANTRA price showed unexpected
growth, with a
rally of
37% on one day and even soaring
68% after the token migration. The token swap has been supported by various exchanges and also caused
excitement in India, with growing interest in staking guides and exchange listings for 2026. Despite this, MANTRA has faced a rough patch with the OM token dropping by
99% and
forced restructuring of the company, including
headcount reductions. Accusations of inside trading by the Mantra CEO have been forcefully denied, blaming 'mislabeled' wallets instead. Some OM trading had been paused due to the rebrand and upgrade process, which caused some market
tension. Rumors of court litigations against the company are ongoing. The
rebranding event is part of a
strategy to boost the token's ecosystem, with old investors and the Mantra founder pledging to burn their own tokens to bolster market confidence. A share buyback and 300M token burn initiative was announced by the CEO to regain investor trust after the OM market collapse, fueling the rally even further.
MANTRA Token News Analytics from Sun, 13 Apr 2025 07:00:00 GMT to Fri, 13 Mar 2026 03:06:00 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 3
