Binance, MANTRA Network, and OM Price: Decoding the Latest Moves

A breakdown of Binance's OM delisting, MANTRA Network's transition, and the resulting OM price fluctuations. Get the latest insights and analysis.

Binance, MANTRA Network, and OM Price: Decoding the Latest Moves

Binance's recent announcement regarding MANTRA (OM) has stirred the crypto waters. Let's dive into what's happening with Binance, the MANTRA Network, and how it's affecting the OM price.

Binance's OM Delisting: What You Need to Know

Binance is discontinuing support for OM deposits and withdrawals on specific networks (Ethereum ERC20 and BNB Smart Chain BEP20) starting September 26, 2025. Don't panic! Other networks will still support OM. Just make sure you don't send any OM through the affected networks after the deadline, or you might kiss your tokens goodbye.

MANTRA's Transition: An 'Epic' Migration

MANTRA isn't sweating it. In fact, they're pretty stoked about Binance's support for their OM token migration to the Mainnet. MANTRA's CEO, JP Mullin, even called it "epic" on X (formerly Twitter). This delisting on certain networks is all part of smoothing out the transition for the MANTRA community.

OM Price Plunge: A Temporary Dip?

Of course, news like this always causes a little market jitters. The OM price took a hit, dropping about 7.43%. As of late September 2025, it's hovering around $0.2158. It's a far cry from its all-time high, but remember, crypto is a rollercoaster.

MANTRA's Confidence Boost: Buybacks and Investments

MANTRA isn't sitting still. They launched a $25 million OM token buyback, following a $20 million investment from Inveniam. That's a total of $45 million committed to increasing long-term value and solidifying their position in the real-world asset (RWA) space. A buyback of approximately 10% of the circulating supply isn't chump change!

The Bigger Picture: Binance Coin (BNB) on the Rise

While we're talking Binance, let's not forget about Binance Coin (BNB). It's been on a tear, hitting record highs. Analysts are even speculating it could reach $1300, driven by mechanisms like token burns that increase scarcity and value. BNB's surge highlights the dynamic and unpredictable nature of the crypto market. Keep an eye on this one!

Final Thoughts

So, what does it all mean? The Binance OM delisting is part of MANTRA's strategic transition, even if it caused a temporary price dip. MANTRA's got a plan, backed by solid investments and buybacks. And while all this is happening, BNB is out there crushing it. Crypto never has a dull moment, does it?