MANTRA (OM): Will It Rebound?

Odero Kester

MANTRA (OM), a blockchain platform focusing on real-world asset (RWA) tokenization, has faced a complex trajectory marked by rapid market gains, steep price corrections, strategic partnerships, and emerging transparency and legal challenges. Despite notable collaborations and technological ambitions, the project confronts significant scrutiny from investors and the broader crypto community.

As of May 26, 2025, MANTRA (OM) trades near $0.4 USD, with a reported market capitalization of approximately $6.79 billion. The circulating supply is around 975 million tokens, within a total supply of roughly 1.81 billion OM tokens.

Historical Price Movement and Market Volatility

MANTRA’s token experienced dramatic price fluctuations in 2025. The token reached an all-time high exceeding $6 USD in early February 2025, reflecting an increase of over 3,500% compared to the previous year.

However, the price collapsed abruptly in mid-April 2025. Between April 13 and 14, the token price plunged from approximately $6.30 to below $0.50, erasing over 90% of its market value in less than 24 hours. This crash led to the market capitalization dropping from about $6 billion to under $700 million (Reuters, CCN.com).

The MANTRA team attributed this sharp decline to “massive forced liquidations” on centralized exchanges amid low liquidity conditions. This event raised concerns about price manipulation and risk management within the ecosystem.

Can Strategic Partnerships Help the Project to Rebound?

MANTRA has pursued aggressive partnerships to solidify its role in the blockchain ecosystem and global markets. In January 2025, MANTRA announced a $1 billion partnership with DAMAC Group, a prominent Dubai-based real estate developer. The deal intends to tokenize a broad portfolio including real estate properties and data centers on MANTRA’s blockchain. This aligns with Dubai’s strategic vision to establish itself as a global hub for digital assets and blockchain innovation (Reuters).

Another key partnership involves Google Cloud, which MANTRA designated as its primary validator and infrastructure provider in late 2024. This collaboration includes the launch of a MANTRA testnet faucet integrated within Google Cloud’s Web3 portal and plans for a joint incubator program slated for early 2025.

Further expanding its ecosystem, MANTRA launched the RWAccelerator program in February 2025. This initiative supports startups focusing on RWA tokenization, highlighting MANTRA’s intent to foster industry innovation. The company also secured a license to operate within Dubai, enhancing its regional footprint and regulatory compliance.

OMniverse Ecosystem: The Four Pillars

MANTRA’s rebranded ecosystem, the OMniverse, consists of four core components designed to serve both retail and institutional users: MANTRA Nodes: These form the infrastructure base, providing revenue opportunities through node management and staking services across multiple blockchains. MANTRA Chain: A Cosmos ecosystem protocol that offers interoperability, enabling decentralized applications (dApps) and decentralized exchanges (DEXs). MANTRA Finance: A platform blending decentralized finance (DeFi) speed and transparency with traditional finance, supporting non-custodial and permissionless digital asset transactions. MANTRA DAO: The governance arm, which fosters transparent community involvement and provides business-oriented DAO services.

The OM token plays a central role within this ecosystem. It facilitates governance, allowing holders to propose and vote on decisions. OM tokens can also be staked via MANTRA’s web application or Binance, granting holders passive yields and incentivizing engagement with the OMniverse’s growth.

Community Engagement and User Concerns

Despite having a substantial social media following — over 500,000 followers on platform X (formerly Twitter) — MANTRA’s engagement rates have been comparatively low. Posts frequently receive limited interaction relative to the size of the audience.

Users have reported high fees related to staking and withdrawing OM tokens. One notable complaint involved a withdrawal fee of approximately $2,700 on a $1,000 token withdrawal. These costs have generated dissatisfaction among community members, impacting perceived usability and accessibility.

MANTRA’s transparency has been a focal point of criticism. Four years prior, co-founder John Patrick Mullin publicly claimed the launch of multiple working prototypes and substantial assets staked across validator nodes. However, recent assessments suggest these claims lack visible substantiation. The project currently has no significant products fully deployed or notable Total Value Locked (TVL) on its platform.

Additionally, the founders are facing a legal dispute. Shareholders from RioDeFi allege the MANTRA DAO was seized without proper authorization. The lawsuit demands court-ordered disclosure of financial documents that have remained largely confidential since January 2021. This ongoing litigation casts uncertainty over MANTRA’s governance and financial management.

Upcoming Exchange Listings and Trading Activity

MANTRA’s exposure received a boost when it was listed on the Upbit exchange on May 21, 2025. The listing has increased trading volume and expanded access to retail investors, potentially stabilizing liquidity in the short term.

CoinCodex’s analysis projects a bearish outlook, forecasting a 14% decline in MANTRA DAO’s price to approximately $0.34 by June 25, 2025. The current Fear & Greed Index stands at 73, indicating a market leaning towards greed but shadowed by caution due to recent volatility.

Investors considering MANTRA must weigh the project’s innovative ambitions and strategic partnerships against notable challenges. The integration with DAMAC Group and Google Cloud highlights MANTRA’s potential to deliver real-world blockchain applications, particularly in asset tokenization and DeFi interoperability.

Conversely, concerns regarding the project’s transparency, unresolved legal disputes, and reported high transaction fees present risks. The token’s extreme price volatility underscores the need for cautious participation, especially among retail investors.

MANTRA (OM) exemplifies the dual nature of emerging blockchain projects. Its forward-looking partnerships and ecosystem development promise meaningful advancements in real-world asset tokenization. Yet, the project’s challenges in transparency, community engagement, and governance raise important questions about its long-term sustainability.

As MANTRA tries to rebound and evolve, its ability to address these obstacles while capitalizing on its technological and commercial opportunities will be decisive. Investors and stakeholders should monitor updates closely, balancing enthusiasm for innovation with prudent risk management.

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