Mantra (OM) Surges 38% in Sharp Rebound Following April’s Massive Crash

Mantra, a layer-1 blockchain focused on real-world asset (RWA) tokenization, has experienced a significant price surge in its native cryptocurrency, OM. This price surge positioned the project among the trending cryptocurrencies on the price-tracking platform, CoinGecko.

Built on the layer-0 Cosmos blockchain, Mantra merges blockchain technology with real-world assets. The project enables users to tokenize physical assets like gold, precious metals, bonds, and real estate. Mantra also allows users to fractionalize assets. This way, even users with minimal funds can own a portion of a tangible asset.

What is Driving the Surge?

Surprisingly, no singular factor is driving Mantra’s price surge. However, the project has undertaken various expansion efforts, which have collectively contributed to the crypto’s upward trajectory.

One is a recently forged partnership between Mantra and Nansen, a blockchain analytics platform. Both projects aim to host an “exclusive networking event” in Singapore on July 24th. Dubbed “Data Meets DeFi: Insights & Intros,” the conference will explore various topics related to on-chain data, decentralized finance (DeFi), and RWAs. The duo noted that the event will pave the way for “builders, investors, and operators” focused on these sectors to connect.

It is a common practice for crypto projects to announce new products or upgrades during a conference to enhance their ecosystem. Price increases for the cryptocurrencies of the projects involved often accompany such announcements. With the physical event only days away, many are likely accumulating the OM token in the hope that it will spark a price surge following a possible announcement from the project.

Earlier today, Mantra announced that it would be onboarding EleveX to its L1 blockchain. EleveX describes itself as a real estate investment exchange aiming to redefine property investment. The platform allows users to invest in the intersection between real estate and blockchain technology. With over 18.2K followers on X alone, EleveX boasts a user base capable of triggering a market pump for the Mantra token.

Mantra’s Market Decline in April

Notably, this price surge comes around three months after the crypto project experienced a cataclysmic market decline by over 90%. Following the sudden price drop, many within the Mantra ecosystem and the broader crypto community suspected that insider manipulation had occurred.

However, the team clarified the issue. They explained that the fault came from a smart wallet that burned over 84 million OM tokens. Ideally, a token burn helps to boost scarcity and demand for a cryptocurrency, thereby increasing its price. However, the sudden nature of the automated burn and the quantity involved destabilized the token’s overall market metrics.

Despite today’s surge, the OM token’s price is a far cry from its all-time high (ATH) of $9.04, which was recorded in late February. On the bright side, the token’s current price is $0.348, representing a 38.32% increase over the past 24 hours. Its daily traded volume also increased by over 1,422% to $1.45 billion.

Ualifi Araújo, a crypto expert, tweeted about his support for the Mantra project and its token’s growth.

We’ve made rapid progress on $OM and reached $0.3870. I’ve said this a thousand times and will say it again a thousand times. I have no doubt that @MANTRA_Chain
will surpass its ATH.

Today we made a +63% move, but it doesn’t surprise me; in fact, I hope we make another big move… https://t.co/oZsqDLEn8p pic.twitter.com/AJqQ3FGISN

— Ualifi Araújo (@ualifiaraujo) July 20, 2025