MANTRA (OM) Rallies 15.7% After Upbit Listing

On May 21, 2025, Upbit, one of the leading crypto exchanges in South Korea, announced the listing of the MANTRA (OM) token.

Based on information we quoted from Beincrypto media, this announcement was immediately responded positively by the market, with the price of OM soaring 15.7% and trading volume increasing by 154.4% in a short time.

Recovery After the Big Crash

This listing occurred more than a month after the big crash that hit OM on April 13, 2025, where the token price plunged 90% due to forced liquidation during low-volume trading hours, wiping out a market capitalization of US$5.5 billion.

In response to the crisis, MANTRA CEO John Patrick Mullin announced plans to burn his team’s entire allocation of 150 million tokens.

In addition, MANTRA is working with partners to burn another 150 million OM tokens, bringing the total to 300 million tokens to be removed from circulation.

Positive Impact of Upbit Listing

Listing on Upbit not only increases the price and trading volume of OM, but also gives a positive signal to investors regarding the potential recovery of the MANTRA project.

In addition to OM, Upbit also listed other tokens such as Access Protocol (ACS), GoChain (GO), Observer (OBSR), Quiztok (QTCON), and Rally (RLY), with GO and RLY recording significant increases of 71.9% and 51.3%.

Conclusion

Listing MANTRA (OM) on Upbit is an important catalyst in the project’s recovery efforts after experiencing a major crash.

Strategic steps such as token burning by the team and partners show MANTRA’s commitment to restore investor confidence.

With increasing trading volume and recovering prices, OM is showing signs of revival in the crypto market.