The situation with Mantra Coin has worsened, with the token facing price fluctuations related to its recent decline and new agricultural initiatives.
Mantra Coin Crisis
Mantra Coin (OM) continues to struggle in 2025. The token's value fell 90% after a flash crash in April 2025 during low liquidity periods. According to CoinMarketCap, the current price is $0.3143, down 34.12% compared to last month, with a market cap of $304.54 million.
Responses from Mantra Coin Team
Following the disastrous crash, co-founder John Patrick Mullin burned 150 million tokens from his allocation, aiming to stabilize the market situation. The team also launched governance upgrades and a testnet to enhance developer engagement. However, despite these measures, market response remains muted as support levels fail to hold.
Partnership with Dimitra for Agri-Tech
In response to current challenges, MANTRA has partnered with Dimitra, focusing on tokenizing real-world assets (RWAs) and supporting farmers. The collaboration begins with sustainable cacao farming in Brazil and includes forest conservation projects in Mexico, aimed at creating millions of traceable carbon credits.
Despite new initiatives, Mantra Coin continues to face significant market challenges, leaving its future uncertain.
