Mantra | Crypto

RWA blockchain Mantra is restructuring and cutting staff after an OM token collapse and prolonged market pressure strained its business model in 2025. Update Jan. 14, 2:20 pm UTC: This article has been updated to add comments from Manta CEO John Patrick Mullin. Mantra, a blockchain project focused on real-world assets (RWAs), is restructuring its operations after what its leadership described as the most difficult year in the company’s history, marked by a sharp token collapse and prolonged market pressure. On Wednesday, Manta CEO John Patrick Mullin announced that the company would transition to a leaner and more capital-efficient structure following a period of expansion. The changes include job cuts across multiple teams and a streamlining of operations to better match near-term market conditions. Read more

JP Mullin urged OM token holders to withdraw from OKX, alleging the exchange had not communicated with Mantra about the incoming token migration, resulting in inaccurate dates. Tensions between blockchain platform Mantra and crypto exchange OKX are rising after Mantra accused the exchange of posting incorrect information about its token migration. In a Monday X post, Mantra CEO John Patrick Mullin urged users of centralized cryptocurrency exchange (CEX) OKX to withdraw their Mantra (OM) tokens and cut their “dependency” on the platform. “Users should consider withdrawing their OM tokens from OKX[...]. Avoid OKX Exchange Dependency: Complete migration without relying on potentially negligent or malicious intermediaries,” said Mullin. Read more

MANTRA's $OM has broken its double-bottom neckline at $0.233, accompanied by rising open interest and whale accumulation. Google Cloud has joined as top validator, a 150m token burn has trimmed supply, and new Dimitra carbon-credit tokenization deals have reinforced the platform’s RWA strategy. The post MANTRA’s $OM Breaks Double Bottom; Google Cloud Backing Sets Stage for 5x Surge appeared first on Cryptonews.

Swiss bank Sygnum says altcoins may see a resurgence in Q2 2025, Mantra CEO plans team token burn: Hodler’s Digest Mantra CEO John Mullin said he is planning to burn all of his teams tokens in order to win back the trust of the networks community following the sudden collapse of the Mantra (OM) token on April 13. Im planning to burn all of my team tokens and when we turn it around the community and investors can decide if I have earned it back, Mullin posted to X on April 16. Mantra set aside 300 million OM, 16.88% of the tokens nearly 1.78 billion total supply, for its team and core contributors. They are currently locked and were scheduled to be released in stages between April 2027 and October 2029, according to an April 8 blog post. Read more