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A year after Mantra’s OM token inexplicably fell 90% in minutes, the real-world asset (RWA) protocol is being rebranded to a new token and om is up 33% today when MEXC announced its support for the token swap.
The crypto exchange said it would support the next migration from OM to MANTRA, and that UM’s market capitalization of EM was up $55 million to $72 million. deposits of OM, which will be converted 14 to MANTRA in MEXC and accepted by the .
OM is down 99% from its all-time high of $8, even though it rallied 33% to the tune of. 5 in February 2025 and currently trades $0. 06.
OM Market Cap Chart – CoinGecko
The rebranding comes just one month after Mantra announced staff cuts amidst a company restructuring.
Despite the fact that this restructuring and token migration will restore Mantra’s faded image, other protocols which have taken the route for tomography have failed well.
Other significant examples of this include Polygon’s transition from MATIC to $POL; Fantom’s migration and shift from FTM to Sonic and its S token.
MATIC surpassed $29, an all-time high fully diluted valuation (FDV) of $29. In December 2021, $POL now trades at $1 billion FDV and 2 billion in the year. Similarly, FTM reached its record high of $11 billion in December 2021 (the last ever peak), but S now trades at just $171 million.
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