MANTRA (OM) Surges 27.9% to Record High Following Bybit Listing

MANTRA (OM) has risen 27.9% this week, reaching a record high following its prominent listing on Bybit.

Highlighting the growing interest in tokenising real-world assets, crypto token OM, the native token of multi-chain platform MANTRA, has surged this week, reaching a record high following its prominent listing on Bybit.

This development comes amidst a broader trend of institutional capital entering the sector, with leading financial players such as BlackRock, Apollo Global, and Franklin Templeton launching tokenised products.

A prime example of this shift is Ondo Finance’s recent tokenisation of U.S. stocks, offering global investors access to American equities and bonds that were previously unavailable.

In a move that further cements its position within the tokenisation ecosystem, MANTRA has also partnered with Dubai-based real estate giant DAMAC to tokenise a $1 billion property portfolio.

If successful, this initiative could establish MANTRA as a leading platform for decentralised asset investment.

Founded by CEO John Patrick Mullin, MANTRA operates as a multi-chain platform built on the Cosmos SDK, offering a suite of solutions for staking, lending, and borrowing.

Its OM token serves as the foundation of the platform, enabling users to earn staking rewards, participate in governance decisions, and access a range of decentralised financial services.

Currently trading at $7.59, OM has seen sustained growth, breaking through key Fibonacci retracement levels and indicating further upward potential.

Resistance is anticipated at $7.66, $7.99, and $8.40, while strong support lies at $6.48, $6.02, and $5.29, bolstered by the 50-day EMA of $4.99.

While bullish momentum remains robust, traders may observe short-term profit-taking near $7.66 before another potential surge.