Mantra has announced the launch of a $25 million buyback program for OM tokens. This decision is aimed at restoring community trust and stabilizing prices.
Goals of the Token Buyback Program
The $25 million token buyback is initiated to stabilize prices and enhance community trust. Up to 110 million OM tokens will be acquired, constituting about 10% of the total circulating supply.
Strategy of Migration and Tokenization
All OM tokens are set to be fully migrated from Ethereum to Mantra's own blockchain by January 15, 2026. This move aims to unify liquidity, strengthen internal governance, and support plans for real-world asset tokenization.
Market Reaction and Future Steps
Following the token buyback announcement, the price of OM tokens increased by 1.25% in the last 24 hours, reaching $0.2322. However, analysts remain cautious about the sustainability of these changes.
Mantra's token buyback initiative, alongside the upcoming migration and tokenization, appears promising for the community. However, the full impact will only be observed in the long term.
