16th February 2025 – (New York) MANTRA (OM) has risen 27.9% this week, reaching a record high following its prominent listing on Bybit. This development drove a 267% increase in trading volume, with transactions across centralised and decentralised exchanges climbing to $755 million. As part of the listing event, Bybit introduced a 120,000 OM reward pool valued at over $912,000, further energising investor enthusiasm. Adding to this momentum, MANTRA’s developers announced a 50 million OM airdrop, worth approximately $375 million, as a reward for long-term token holders.
The growing demand for MANTRA aligns with a broader interest in real-world asset tokenisation, a sector that is increasingly attracting institutional capital. This trend is evident with leading financial players such as BlackRock, Apollo Global, and Franklin Templeton launching tokenised products that highlight blockchain’s transformative impact on traditional finance. Ondo Finance’s recent tokenisation of U.S. stocks exemplifies this shift, providing global investors with access to American equities and bonds that were previously inaccessible.
MANTRA has also enhanced its position in the tokenisation ecosystem through a partnership with Dubai-based real estate giant DAMAC, aimed at tokenising a $1 billion property portfolio. If successful, this initiative could further establish MANTRA as a leader in decentralised asset investment.
Founded by CEO John Patrick Mullin, MANTRA operates as a multi-chain platform built on the Cosmos SDK, offering solutions for staking, lending, and borrowing. Its OM token serves as the foundation of the platform, enabling users to earn staking rewards, participate in governance decisions, and access decentralised financial services.
Currently trading at $7.59, OM has seen sustained growth, breaking through key Fibonacci retracement levels and indicating further upward potential. Resistance is anticipated at $7.66, $7.99, and $8.40, while strong support lies at $6.48, $6.02, and $5.29, bolstered by the 50-day EMA of $4.99. While bullish momentum remains robust, traders may see short-term profit-taking near $7.66 before another potential surge.
