The recent price crash in cryptocurrency has cast shadows on the Mantra (OM) project. However, despite the decline, there are facts that allow for a different perspective.
Market Overview
The Mantra (OM) project faced significant pressure following the market crash in April, when the token price dropped by 90%. Some traders quickly turned bearish and began shorting the token, deeming the project a failure. However, narratives in the cryptocurrency market shift rapidly, and it's essential to consider long-term prospects rather than just short-term price fluctuations.
Real Achievements of Mantra
As of June 2025, the MANTRA ecosystem has led to the tokenization of real-world assets valued at over $119 million. These assets are diverse and include real estate, U.S. Treasury bonds, and institutional investment funds. A significant portion of the tokenized assets comes from a partnership with Ctrl Alt, which is working with the Dubai Land Department to tokenize real estate portfolios under the jurisdiction of Dubai's Virtual Assets Regulatory Authority (VARA).
What Happened in April?
The price crash in April did not stem from failures in technology or mismanagement by the team but rather from cascading liquidations on centralized exchanges. It was a broader liquidity event, triggered by over-leveraged traders and automated sell-offs. Despite this sell-off, the MANTRA team continued to develop the project and increase the number of tokenized assets.
Thus, while the price of Mantra (OM) has dropped, this does not negate its real achievements and potential in the asset tokenization space. Despite short-term fluctuations, the project continues to grow and is built on a solid foundation.
