Binance recently completed the
MANTRA (OM) token swap, which involved redenomination and a rebranding to MANTRA (MANTRA). As a result, MANTRA saw a major price surge, recording jumps of 33% and 37% following the token swap. It further gained support from exchanges such as
MEXC and OKX. However, not all aspects are positive for MANTRA. Despite a promising rebrand and redesign, MANTRA has seen some troubles, including staff cuts amid ongoing restructuring efforts as well as the OM token's steady decrease, which is still 99% below peak. MANTRA had also extended its coin upgrade timeline till March 2 and faced numerous litigations.The rebrand and release of MANTRA also featured a strategic token split, a move supported by Valour who affirmed that not much would change following the split. The anticipation of a
network upgrade led to the initiation of the OM token migration. In an address to OM holders, Mantra CEO urged withdrawal from OKX due to an 'inaccurate' migration plan. As MANTRA seeks to reclaim its position, it has announced a minimum funding commitment of $25,000,000 for the first of several OM token buybacks.
OM's rebranding to MANTRA was in line with a clear vision to push for global expansion. The migration was surmised as the biggest opportunity for investors in 2026. However, troubles continued to plague MANTRA as it restructured after the OM token collapse. Moving forward, MANTRA has completed the token upgrade and split at a ratio of 1:4.
MANTRA Token News Analytics from Mon, 22 Aug 2022 19:33:09 GMT to Wed, 08 Apr 2026 08:23:00 GMT -
Rating -2
- Innovation 3
- Information 1
- Rumor -5
